600 Cherry Dr APT 8EugeneOR97401
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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
Investment property for sale in Eugene at 600 Cherry Dr APT 8, Eugene, OR, 97401 uses $102,732 cash to close to unlock $446/yr annual cash flow and $37/mo monthly cash flow. Total monthly income runs $1,908/mo, and a $1,517/mo payment keeps the spread at $37/mo. Purchase price stands at $309,900, and rental yield measures 7.39% with $1,908/mo rent. Return on cash invested shows 20.34% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 105% and total cumulative return in cash records $107,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,908/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97401, Eugene, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,309 (100%) |
| Owner Occupied HU | 6,687 (27.5%) |
| Renter Occupied HU | 15,687 (64.5%) |
| Vacant Housing Units | 1,935 ( 8.0%) |
| Median Home Value | $575,282 |
| Average Home Value | $619,876 |
Housing Distribution
Address Breakdown
Residential
22,885
Single Family
15,844
Multi-Family
7,041
Businesses
2,975
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