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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
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 Dallas at 616 NE Kerns Dr, Dallas, OR, 97338 priced at $650,000 converts $0/mo rent into after a $3,181/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.95% in year one, and rental yield reads 0% against a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,583 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Single Family
Built in 2025
10,498 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,715 (100%) |
| Owner Occupied HU | 6,971 (71.8%) |
| Renter Occupied HU | 2,440 (25.1%) |
| Vacant Housing Units | 304 ( 3.1%) |
| Median Home Value | $460,123 |
| Average Home Value | $495,328 |
Residential
9,322
Single Family
8,769
Multi-Family
553
Businesses
623
Date | Event | Price |
|---|---|---|
| 2025-04-16 | Listed for sale | $650,000 |
| 2025-01-01 | Sold | $175,000 |
| 2024-05-29 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-17 | $1073.20 | 220.03% | $76,810 | 220.98% |
| 2022-04-17 | $335.34 | N/A | $23,930 | N/A |
No similar rental properties found nearby.
Listed by: PHIL HYRE • Realty First Llc
Mls Name: WVMLS
Mls Provider:
Mls ID: #827728
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.
