588 Canberra Dr, Philomath, OR, 97370 | $730/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

588 Canberra Dr, Philomath, OR, 97370 | $730/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1756 sft

418 E Yates Rd, Alsea, OR, 97324

2 Bed
2 Bath
2725 sft

17196 Alsea Hwy, Alsea, OR, 97324

3 Bed
2 Bath
1560 sft

109 E Yates Pl, Alsea, OR, 97324

1 Bed
1 Bath
1632 sft

14962 Lobster Valley Rd, Alsea, OR, 97324

Nearby investment properties with comparable prices

2 Bed
1 Bath
816 sft

28908 Lake Lyons Rd, Alsea, OR, 97324

3 Bed
1 Bath
816 sft

20794 Honeygrove Rd, Alsea, OR, 97324

3 Bed
1 Bath
1130 sft

26845 Alsea Deadwood Hwy, Alsea, OR, 97324

3 Bed
3 Bath
1380 sft

448 College St, Philomath, OR, 97370

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Philomath at 588 Canberra Dr, Philomath, OR, 97370 uses $109,064 cash to close to unlock $8,765/yr annual cash flow and $730/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $1,610/mo payment keeps the spread at $730/mo. Purchase price stands at $329,000, and rental yield measures 9.91% with $2,716/mo rent. Return on cash invested shows 27.95% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 145.75% and total cumulative return in cash records $158,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $1,610/mo payment rather than investor’s personal income.

Single Family

Built in 1988

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Priced to sell and ready to renovate! Don't miss this single level 3 bedrm/1 bath home with amazing potential! The large fully fenced backyard is partially shaded by mature trees. The new wood deck was built August 2025 and new gutters were installed Jan. 2025. New roof installed Oct. 2019. Enjoy plum trees in the front yard and extra parking along the driveway that would fit an RV, boat or shed. Located in an established Philomath neighborhood. Seller is related to the listing agent.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,001 (100%)
Owner Occupied HU	2,776 (69.4%)
Renter Occupied HU	1,070 (26.7%)
Vacant Housing Units	155 ( 3.9%)
Median Home Value	$537,267
Average Home Value	$568,482