700 N 9th St, Philomath, OR, 97370 | 6.93% Rental Yield

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700 N 9th St, Philomath, OR, 97370 | 6.93% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Philomath at 700 N 9th St, Philomath, OR, 97370 listed at $725,000 pairs $4,186/mo rent with a $3,549/mo payment. Total monthly income runs $4,186/mo. Return on cash invested measures 19.1% in year one, and rental yield registers 6.93% at a $725,000 basis. Equity gained on principal adds $4,678/yr, and annual property appreciation at 5% supports $200,304 by year five. Five-year ROI tracks 98.29% and total cumulative return in cash totals $234,437. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,186/mo property income relative to a $3,549/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2008

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautifully updated home has it all! Gourmet kitchen featuring huge island, SS appliances, sleek updated countertops and abundant cabinetry. Gorgeous Strand bamboo flooring flows throughout the lower level, adding warmth and elegance. Upstairs, you'll find a luxurious primary suite w/ a beautifully updated en-suite bath, plus three additional bedrooms and a generous flex room. Step outside to your personal oasis, a huge deck with pergola, low-maintenance turf, raised garden beds and a built-in firepit. Upgrades to 700 North 9th Street, Philomath2017-Changed out range to natural gas Samsung range included2018-Installed new firepit, New hot water heater2019-Upgraded downstairs flooring to Strand Bamboo, Upgraded half bath with new vanity sink and faucet2020-Replaced kitchen countertops, new sink and faucet. Replaced upstairs carpeting. Upgraded master bath with new countertops, lighting, faucet and mirror. Exterior of the home painted. Added raised garden beds and a pergola. 3 zone sprinkler system takes care of the plants, garden beds and front yard (original)2022-New Samsung refrigerator included. Ring doorbell will stay with the house. New wood front door. Updated lighting in the dining room, entryway and master bedroom.2023-New LG dishwasher. Ring security cameras with floodlights2024-Added the low maintenance turf in the backyard2025-New Honeywell smart thermostat use an app to control the system

Neighborhood Data

Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,001 (100%)
Owner Occupied HU	2,776 (69.4%)
Renter Occupied HU	1,070 (26.7%)
Vacant Housing Units	155 ( 3.9%)
Median Home Value	$537,267
Average Home Value	$568,482