599 Horizon LnMyrtle CreekOR97457
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Myrtle Creek at 599 Horizon Ln, Myrtle Creek, OR, 97457 priced at $670,000 converts $2,246/mo rent into after a $3,279/mo obligation. Total monthly income equals $2,246/mo. Return on cash invested prints 10.27% in year one, and rental yield reads 4.02% against a $670,000 entry. Equity gained on principal adds $4,323/yr, while 5% annual appreciation compiles into $185,109 by year five. Five-year ROI reaches 50.95% and total cumulative return in cash sums $112,301. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,246/mo property income covering a $3,279/mo payment, not borrower’s personal income.
Single Family
Built in 1990
39.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97457, Myrtle Creek, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,687 (100%) |
| Owner Occupied HU | 3,189 (68.0%) |
| Renter Occupied HU | 1,167 (24.9%) |
| Vacant Housing Units | 331 ( 7.1%) |
| Median Home Value | $402,135 |
| Average Home Value | $458,837 |
Housing Distribution
Address Breakdown
Residential
3,406
Single Family
3,400
Multi-Family
6
Businesses
199
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Gilbert • Keller Williams Southern Oregon-Umpqua Valley
Mls Name: RMLS (OR)
Mls ID: #543009155