621 Irving DrMyrtle CreekOR97457
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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 Myrtle Creek at 621 Irving Dr, Myrtle Creek, OR, 97457 priced at $253,000 converts $1,890/mo rent into $363/mo cash flow after a $1,238/mo obligation. Total monthly income equals $1,890/mo, and annual cash flow totals $4,358/yr on $83,870 invested. Return on cash invested prints 25.11% in year one, and rental yield reads 8.96% against a $253,000 entry. Equity gained on principal adds $1,633/yr, while 5% annual appreciation compiles into $69,899 by year five. Five-year ROI reaches 130.55% and total cumulative return in cash sums $109,492. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,890/mo property income covering a $1,238/mo payment, not borrower’s personal income.
Single Family
Built in 1955
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97457, Myrtle Creek, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,687 (100%) |
| Owner Occupied HU | 3,189 (68.0%) |
| Renter Occupied HU | 1,167 (24.9%) |
| Vacant Housing Units | 331 ( 7.1%) |
| Median Home Value | $402,135 |
| Average Home Value | $458,837 |
Housing Distribution
Address Breakdown
Residential
3,406
Single Family
3,400
Multi-Family
6
Businesses
199
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Listed by: Terri LeVasseur • J Mann Realty
Mls Name: RMLS (OR)
Mls ID: #686075580