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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 Philomath at 648 College St, Philomath, OR, 97370 priced at $319,900 pairs $2,867/mo rent with $921/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,867/mo, and annual cash flow comes to $11,047/yr on $106,047 invested. Return on cash invested is 30.33% in year one, and rental yield stands at 10.75% on a $319,900 basis. Equity gained on principal adds $2,064/yr, and 5% annual appreciation accumulates to $88,382 by year five. Five-year ROI measures 158.57% and total cumulative return in cash reaches $168,164. For financing, Ziffy Mortgage’s DSCR program evaluates $2,867/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
3,485 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 2,776 (69.4%) |
| Renter Occupied HU | 1,070 (26.7%) |
| Vacant Housing Units | 155 ( 3.9%) |
| Median Home Value | $537,267 |
| Average Home Value | $568,482 |
Residential
3,745
Single Family
3,311
Multi-Family
434
Businesses
330
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Price change | $319,900 |
| 2024-09-20 | Price change | $322,500 |
| 2024-09-11 | Listed for sale | $324,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $3285.99 | 2.99% | $161,641 | 3.00% |
| 2022-10-21 | $3190.46 | 2.92% | $156,933 | 3.00% |
| 2021-10-21 | $3100.07 | 2.47% | $152,362 | 3.00% |
Listed by: COREY BARON • Re/Max Integrity Corvallis Branch
Mls Name: WVMLS
Mls Provider:
Mls ID: #821315
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.
