600 W 1st St UNIT 3PhoenixOR97535
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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 Phoenix at 600 W 1st St UNIT 3, Phoenix, OR, 97535 uses $49,725 cash to close to unlock $7,029/yr annual cash flow and $586/mo monthly cash flow. Total monthly income runs $1,741/mo, and a $734/mo payment keeps the spread at $586/mo. Purchase price stands at $150,000, and rental yield measures 13.93% with $1,741/mo rent. Return on cash invested shows 34.04% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 180.65% and total cumulative return in cash records $89,826. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,741/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97535, Phoenix, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,322 (100%) |
| Owner Occupied HU | 1,455 (62.7%) |
| Renter Occupied HU | 774 (33.3%) |
| Vacant Housing Units | 93 ( 4.0%) |
| Median Home Value | $462,558 |
| Average Home Value | $542,500 |
Housing Distribution
Address Breakdown
Residential
1,761
Single Family
1,703
Multi-Family
58
Businesses
277
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Listed by: N/A • Real Estate For You
Mls Name: Oregon Datashare
Mls Provider:
Mls ID: #220193227
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