658 S 57th St SPACE 97SpringfieldOR97478
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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
Investment property for sale in Springfield at 658 S 57th St SPACE 97, Springfield, OR, 97478 uses $46,079 cash to close to unlock $2,956/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,085/mo, and a $680/mo payment keeps the spread at $246/mo. Purchase price stands at $139,000, and rental yield measures 9.37% with $1,085/mo rent. Return on cash invested shows 26.32% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 137.11% and total cumulative return in cash records $63,176. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,085/mo property income covering a $680/mo payment rather than investor’s personal income.
Manufactured
Built in 1981
N/A 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: N/A • N/A
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