65721 Grays Corner RdCoveOR97824
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 65721 Grays Corner Rd, Cove, OR, 97824 in Cove. Priced at $430,000, it generates $3,704/mo in gross rent and $1,098/mo in net monthly cash flow, a 10.31% yield that comfortably supports the 1.92 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $13,177. Five-year appreciation: $118,801. Equity from principal paydown: $3,960/yr. Total projected cumulative return: $234,117.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.2% |
| Monthly Cash Flow | $1,098 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,704 |
| Total Monthly Debt Service | $2,424 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
13.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97824, Cove, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 723 (100%) |
| Owner Occupied HU | 563 (77.9%) |
| Renter Occupied HU | 117 (16.2%) |
| Vacant Housing Units | 43 ( 5.9%) |
| Median Home Value | $450,699 |
| Average Home Value | $505,733 |
Housing Distribution
Address Breakdown
Residential
641
Single Family
641
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1977
13.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97824, Cove, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 723 (100%) |
| Owner Occupied HU | 563 (77.9%) |
| Renter Occupied HU | 117 (16.2%) |
| Vacant Housing Units | 43 ( 5.9%) |
| Median Home Value | $450,699 |
| Average Home Value | $505,733 |
Housing Distribution
Address Breakdown
Residential
641
Single Family
641
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
