662 S 44th StSpringfieldOR97478
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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 662 S 44th St, Springfield, OR, 97478 offers a 8.75% rental yield on a $394,999 purchase with $2,880/mo rent. Total monthly income registers $2,880/mo, and a $1,933/mo payment leaves $496/mo available for distribution. Annual cash flow reaches $5,952/yr on $130,942 to close, and return on cash invested stands at 24.45% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 127.05% and total cumulative return in cash at $166,362. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
7,405 sqft 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: Lindsay Laycock • MORE Realty, Inc.
Mls Name: RMLS (OR)
Mls ID: #668257056