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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% |
Investment property for sale in Independence at 660 N Main St, Independence, OR, 97351 offers a 7.82% rental yield on a $414,900 purchase with $2,705/mo rent. Total monthly income registers $2,705/mo, and a $2,031/mo payment leaves $200/mo available for distribution. Annual cash flow reaches $2,404/yr on $137,539 to close, and return on cash invested stands at 21.66% in year one. Equity gained on principal adds $2,677/yr while 5% annual appreciation supports $114,629 over five years. Portfolio math shows five-year ROI at 112.04% and total cumulative return in cash at $154,094. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,705/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
1,732 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97351, Independence, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,369 (100%) |
| Owner Occupied HU | 2,647 (60.6%) |
| Renter Occupied HU | 1,605 (36.7%) |
| Vacant Housing Units | 117 ( 2.7%) |
| Median Home Value | $427,687 |
| Average Home Value | $490,376 |
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
Date | Event | Price |
|---|---|---|
| 2024-09-30 | Price change | $414,900 |
| 2024-09-30 | Price change | $419,900 |
| 2024-09-19 | Listed for sale | $434,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $2624.89 | 8.92% | $137,190 | 3.00% |
| 2022-10-18 | $2409.85 | 1.12% | $133,200 | 2.99% |
| 2021-10-18 | $2383.23 | 2.68% | $129,330 | 2.99% |
Listed by: MONICA M. DORRIS • Homestead Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #820199
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.
