610 Colonial DrSpringfieldOR97477
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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 610 Colonial Dr, Springfield, OR, 97477 generates $2,269/mo in rent and, after a $1,742/mo payment, leaves $121/mo in cash flow. Total monthly income is $2,269/mo, and annual cash flow is $1,447/yr on $118,014 invested. Return on cash invested sits at 21.13% in year one, and rental yield is 7.65% on a $356,000 entry. Equity gained on principal adds $2,297/yr, while 5% annual appreciation builds toward $98,356 over five years. Five-year ROI reaches 109.23% and total cumulative return in cash sums $128,906. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,269/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
9,583 sqft 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: Stephanie Coats • Keller Williams Realty Eugene and Springfield
Mls Name: RMLS (OR)
Mls ID: #508482924