521 Walnut St, Independence, OR, 97351 | $1,035/mo Cash Flow

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521 Walnut St, Independence, OR, 97351 | $1,035/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Independence at 521 Walnut St, Independence, OR, 97351 listed at $425,000 pairs $3,600/mo rent with a $2,080/mo payment to leave $1,035/mo cash flow. Total monthly income runs $3,600/mo, and annual cash flow reaches $12,417/yr on $140,888 cash to close. Return on cash invested measures 28.72% in year one, and rental yield registers 10.16% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 149.89% and total cumulative return in cash totals $211,181. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,600/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1960

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Super clean single-story duplex built in 1960 sitting on a .15 acre lot. Recent upgrades include roofs, windows, doors, paint, flooring, kitchens, bath and more. 1,440 SF of improved space providing 720 SF / unit. Each unit has 2 bed / 1 bath, washer/dryer hookups and a private driveway/carport. Units rent for $1,425 and $1595.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97351, Independence, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,369 (100%)
Owner Occupied HU	2,647 (60.6%)
Renter Occupied HU	1,605 (36.7%)
Vacant Housing Units	117 ( 2.7%)
Median Home Value	$427,687
Average Home Value	$490,376