631 E Ellendale Ave UNIT 206, Dallas, OR, 97338 | $364/mo Cash Flow

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631 E Ellendale Ave UNIT 206, Dallas, OR, 97338 | $364/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Dallas at 631 E Ellendale Ave UNIT 206, Dallas, OR, 97338 listed at $185,000 pairs $1,480/mo rent with a $905/mo payment to leave $364/mo cash flow. Total monthly income runs $1,480/mo, and annual cash flow reaches $4,365/yr on $61,328 cash to close. Return on cash invested measures 27.03% in year one, and rental yield registers 9.6% at a $185,000 basis. Equity gained on principal adds $1,194/yr, and annual property appreciation at 5% supports $51,112 by year five. Five-year ROI tracks 140.81% and total cumulative return in cash totals $86,355. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,480/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover the perfect blend of style and functionality in this brand-new 3-bedroom, 2-bath home. Designed with an open-concept layout and recessed lighting throughout, the space feels bright, modern, and inviting. At the heart of the home is a spacious kitchen with brand-new appliances and a dining area that works beautifully for everyday meals or entertaining guests. Located in the welcoming Heather Lane 55+ community, this home is ready for your personal touch and offers the convenience of being just minutes from shopping and freeway access. Residents enjoy a close-knit atmosphere and a low space rent of $800 per month. This high-quality new home is a rare find in todays market. Move-in ready and thoughtfully designed, its the perfect opportunity to own a stylish, affordable home in a quiet community and prime location. Schedule your visit today and experience it for yourself.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.

Housing Distribution

Housing Statistics

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