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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% |
Investment property for sale in Independence at 590 Greenwood Rd S, Independence, OR, 97351 at $1,365,000 posts ROI 8.09% with from $3,713/mo rent. Total monthly income equals $3,713/mo. Return on cash invested measures 8.09% and rental yield reads 3.26% at the current $1,365,000. Equity gained on principal adds $8,808/yr, and 5% annual appreciation supports $377,124 by year five. Five-year ROI prints 39.15% and total cumulative return in cash totals $173,147. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,713/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1915
11.70 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97351, Independence, OR area.
| 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 |
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
Date | Event | Price |
|---|---|---|
| 2024-09-09 | Listed for sale | $1,365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $6054.69 | 13.97% | $433,410 | 3.00% |
| 2022-10-18 | $5312.65 | 0.70% | $420,790 | 3.00% |
| 2021-10-18 | $5275.68 | 2.94% | $408,540 | 3.00% |
Listed by: ALI MORRISON • Windermere Heritage
Mls Name: WVMLS
Mls Provider:
Mls ID: #821189
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.
