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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Grand Ronde at 53610 SW Sourgrass Rd, Grand Ronde, OR, 97347 generates $3,077/mo in rent, after a $3,181/mo payment. Total monthly income is $3,077/mo. Return on cash invested sits at 15.31% in year one, and rental yield is 5.68% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 77.95% and total cumulative return in cash sums $166,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,077/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
16.76 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97347, Grand Ronde, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 979 (100%) |
| Owner Occupied HU | 621 (63.4%) |
| Renter Occupied HU | 274 (28.0%) |
| Vacant Housing Units | 84 ( 8.6%) |
| Median Home Value | $431,383 |
| Average Home Value | $433,611 |
Residential
618
Single Family
613
Multi-Family
5
Businesses
41
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Sold | $650,000 |
| 2025-05-29 | Pending sale | $650,000 |
| 2025-05-13 | Listed for sale | $650,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $1379.47 | 2.37% | $146,987 | 3.00% |
| 2023-10-26 | $1347.54 | 3.02% | $142,706 | 3.00% |
| 2022-10-26 | $1308.03 | 2.53% | $138,549 | 3.00% |
Listed by: BARBARA HOFENBREDL • Hofenbredl Realty Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #828910
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
