








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Dallas at 537 NE Evergreen Ave, Dallas, OR, 97338 offers a 6.81% rental yield on a $550,000 purchase with $3,120/mo rent. 73% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 96.32% and total cumulative return in cash at $174,298. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,120/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2013
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,715 (100%) |
| Owner Occupied HU | 6,971 (71.8%) |
| Renter Occupied HU | 2,440 (25.1%) |
| Vacant Housing Units | 304 ( 3.1%) |
| Median Home Value | $460,123 |
| Average Home Value | $495,328 |
Residential
9,322
Single Family
8,769
Multi-Family
553
Businesses
623
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Listed for sale | $550,000 |
| 2023-08-05 | Listing removed | N/A |
| 2023-05-30 | Price change | $544,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-18 | $4159.97 | 2.69% | $297,730 | 3.00% |
| 2022-04-18 | $4050.87 | 2.83% | $289,060 | 3.00% |
| 2021-04-18 | $3939.47 | 2.95% | $280,650 | 3.00% |



Listed by: GLADYS BLUM • Blum Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #827764
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.