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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 674 Stearman St, Independence, OR, 97351 offers a 5.46% rental yield on a $749,900 purchase with $3,410/mo rent. 53% in year one. Equity gained on principal adds $4,839/yr while 5% annual appreciation supports $207,184 over five years. Portfolio math shows five-year ROI at 68.8% and total cumulative return in cash at $169,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,410/mo property income against a $3,670/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.41 Acres lot
$N/A/sqft
$300 annually 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 |
|---|---|---|
| 2025-03-20 | Listed for sale | $749,900 |
| 2023-10-11 | Listing removed | N/A |
| 2023-08-29 | Listed for rent | $3,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-25 | $9690.29 | 8.96% | $509,310 | 3.00% |
| 2022-03-25 | $8893.24 | 1.11% | $494,480 | 3.00% |
| 2021-03-25 | $8795.34 | 2.68% | $480,080 | 3.00% |
Listed by: TYLER RAY NORFLEET • Keller Williams Realty Mid Willamette
Mls Name: WVMLS
Mls Provider:
Mls ID: #826695
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.
