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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Independence at 6120 S 13th St, Independence, OR, 97351 projects strong ROI of 1.55%. Rental yield 1.14%. With 5% annual appreciation, the property builds $1,077,498 in value over five years. Equity growth combined delivers a projected five-year ROI of 4.06%, translating into $51,358 in total cumulative return on $1,263,600 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1950
46.68 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97351, Independence, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,369 (100%) |
| Owner Occupied HU | 2,647 (60.6%) |
| Renter Occupied HU | 1,605 (36.7%) |
| Vacant Housing Units | 117 ( 2.7%) |
| Median Home Value | $427,687 |
| Average Home Value | $490,376 |
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
Date | Event | Price |
|---|---|---|
| 2024-07-31 | Listed for sale | $3,900,000 |
| 2018-02-01 | Listing removed | $2,800,000 |
| 2016-08-11 | Listed for sale | $2,800,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $3736.25 | 13.87% | $265,300 | 3.00% |
| 2022-10-18 | $3281.21 | 0.72% | $257,580 | 3.00% |
| 2021-10-18 | $3257.75 | 2.95% | $250,082 | 3.00% |
No similar price properties found nearby.
Listed by: PAUL TERJESON • Keller Williams Realty -Albany
Mls Name: WVMLS
Mls Provider:
Mls ID: #819886
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
