610 N Main St #2-APhoenixOR97535
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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 610 N Main St #2-A, Phoenix, OR, 97535 offers a 9.34% rental yield on a $235,000 purchase with $1,830/mo rent. Total monthly income registers $1,830/mo, and a $1,150/mo payment leaves $212/mo available for distribution. Annual cash flow reaches $2,541/yr on $77,903 to close, and return on cash invested stands at 23.17% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 121.25% and total cumulative return in cash at $94,456. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,830/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
871.20 sqft lot
$N/A/sqft
$200 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 • eXp Realty, LLC
Mls Name: Oregon Datashare
Mls Provider:
Mls ID: #220180721
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