595 Lochaven AveSpringfieldOR97477
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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
Investment Highlights
Rental property for sale in Springfield at 595 Lochaven Ave, Springfield, OR, 97477 generates $2,372/mo in rent and, after a $1,007/mo payment, leaves $1,130/mo in cash flow. Total monthly income is $2,372/mo, and annual cash flow is $13,561/yr on $68,223 invested. Return on cash invested sits at 39.79% in year one, and rental yield is 13.83% on a $205,800 entry. Equity gained on principal adds $1,328/yr, while 5% annual appreciation builds toward $56,859 over five years. Five-year ROI reaches 209.3% and total cumulative return in cash sums $142,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,372/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97477, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,816 (100%) |
| Owner Occupied HU | 8,482 (50.4%) |
| Renter Occupied HU | 7,726 (45.9%) |
| Vacant Housing Units | 608 ( 3.6%) |
| Median Home Value | $406,808 |
| Average Home Value | $440,412 |
Housing Distribution
Address Breakdown
Residential
16,256
Single Family
14,766
Multi-Family
1,490
Businesses
1,346
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Listed by: JASON GREENE • Executive Real Estate Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #821887
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.