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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% |
Rental property for sale in Independence at 613 Jasmine Cir, Independence, OR, 97351 offers $3,134/mo rent that, after a $2,227/mo payment, leaves $388/mo cash flow. Total monthly income is $3,134/mo, and annual cash flow is $4,650/yr on $150,833 cash. Return on cash invested measures 22.99% in year one, and rental yield stands at 8.27% at a $455,000 entry. Equity gained on principal adds $2,936/yr while 5% annual appreciation compounds into $125,708 by year five. Five-year ROI records 119.18% and total cumulative return in cash reaches $179,764. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,134/mo property income versus a $2,227/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
3,925 sqft 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 |
|---|---|---|
| 2025-10-16 | Listed for sale | $455,000 |
| 2009-03-20 | Sold | $175,000 |
| 2005-08-24 | Sold | $166,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $3522.97 | -2.50% | $194,500 | 3.00% |
| 2023-10-21 | $3613.13 | 8.93% | $188,840 | 3.00% |
| 2022-10-21 | $3316.98 | 1.12% | $183,340 | 3.00% |
Listed by: SHANNON TOURVILLE • Jmg Jason Mitchell Group-Salem
Mls Name: WVMLS
Mls Provider:
Mls ID: #834564
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.
