6321 Aster StSpringfieldOR97478
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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 Springfield at 6321 Aster St, Springfield, OR, 97478 priced at $365,000 converts $2,436/mo rent into $233/mo cash flow after a $1,786/mo obligation. Total monthly income equals $2,436/mo, and annual cash flow totals $2,799/yr on $120,998 invested. Return on cash invested prints 22.22% in year one, and rental yield reads 8.01% against a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation compiles into $100,843 by year five. Five-year ROI reaches 115.07% and total cumulative return in cash sums $139,231. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,436/mo property income covering a $1,786/mo payment, not borrower’s personal income.
Single Family
Built in 1999
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97478, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,429 (100%) |
| Owner Occupied HU | 10,304 (66.8%) |
| Renter Occupied HU | 4,596 (29.8%) |
| Vacant Housing Units | 529 ( 3.4%) |
| Median Home Value | $467,133 |
| Average Home Value | $522,825 |
Housing Distribution
Address Breakdown
Residential
15,037
Single Family
14,943
Multi-Family
94
Businesses
461
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Listed by: Sandra Boyst • ICON Real Estate Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24620791
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-21 02:39:02 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.