570 N 10th Ave UNIT 2, Cornelius, OR, 97113 | $365/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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570 N 10th Ave UNIT 2, Cornelius, OR, 97113 | $365/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 Cornelius at 570 N 10th Ave UNIT 2, Cornelius, OR, 97113 listed at $195,000 pairs $1,542/mo rent with a $954/mo payment to leave $365/mo cash flow. Total monthly income runs $1,542/mo, and annual cash flow reaches $4,384/yr on $64,643 cash to close. Return on cash invested measures 26.69% in year one, and rental yield registers 9.49% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 139.06% and total cumulative return in cash totals $89,890. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,542/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2023

N/A lot

$N/A/sqft

No HOA

More details about the property

Forest Hills Mobile Estate Park is giving away 3 Months FREE SPACE RENT! This 2023 Manufactured Home is MOVE IN READY! Come view this beautiful home where the location, residents and management is inviting clean and serene . This is a 1404 sq. ft. home 2 bdr.. 2 bth. including an additional room for an office or craft room. Owner's favorite thing about her home is she loved the kitchen & open floor plan with large bedrooms that made it easy to fit larger furniture. The kitchen has easy touch cabinets and drawers with plenty of storage in the pantry. Stainless steal appliance and lots of counter space. Luxurious laminate plank flooring through out the home making it easy for cleaning. Home includes a new front load washer & dryer with foot-stools. New Heat pump cooling system lowers your electric bill up to 42%. New large deck in a quiet neighborhood. Low maintenance yard with a new 6x10 shed. Park allows 2 pets. Clubhouse is newly remodeled with a full modern kitchen, specialized with wide verity instant coffee machine at your finger tips any time you like. Electric fire place, large TV, library, quiet sitting room that over looks the beauty of the outdoors through a large picture window. Restrooms are located on both floors of the club house. Down stairs is the game room with shuffle board card table, pool table, a separate room for working out with TV and a view of the pond. The park Manager offers monthly activities for the residents. Spring and Summer they have "Master stainless steal BBQ's out for your use with round tables shaded with umbrellas. Upstairs deck has comfortable lounging chairs & tables, so you can enjoy the outdoor while watching the wild life in and around the pond. This is one of the nicest manufactured home parks, with a 2ed generation manager "Skye" who is welcoming, helpful, & professional. She is in the office Monday- Friday 12-5pm. 2 pets are allowed. "Service animals are not considered pets." Space rent 1,245. Garbage included.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97113, Cornelius, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,348 (100%)
Owner Occupied HU	4,145 (77.5%)
Renter Occupied HU	1,095 (20.5%)
Vacant Housing Units	108 ( 2.0%)
Median Home Value	$553,137
Average Home Value	$629,304