650 E Chestnut StUnionOR97883
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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 Union at 650 E Chestnut St, Union, OR, 97883 priced at $369,900 converts $1,440/mo rent into after a $1,810/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 12.16% in year one, and rental yield reads 4.67% against a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation compiles into $102,197 by year five. Five-year ROI reaches 61.06% and total cumulative return in cash sums $74,878. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97883, Union, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,200 (100%) |
| Owner Occupied HU | 846 (70.5%) |
| Renter Occupied HU | 254 (21.2%) |
| Vacant Housing Units | 100 ( 8.3%) |
| Median Home Value | $307,071 |
| Average Home Value | $393,806 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
664
Multi-Family
2
Businesses
60
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