709 S Meridian St, Newberg, OR, 97132 | $1,125/mo Cash Flow

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709 S Meridian St, Newberg, OR, 97132 | $1,125/mo Cash Flow | Ziffy

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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 Newberg at 709 S Meridian St, Newberg, OR, 97132 offers a 9.95% rental yield on a $499,900 purchase with $4,143/mo rent. Total monthly income registers $4,143/mo, and a $2,447/mo payment leaves $1,125/mo available for distribution. Annual cash flow reaches $13,503/yr on $165,717 to close, and return on cash invested stands at 28.06% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 146.35% and total cumulative return in cash at $242,520. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,143/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1924

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 1924 classic nestled on a spacious .18 acre lot in beautiful Newberg, right in the heart of wine country! This inviting four bedroom, two-bathroom home blends timeless character with thoughtful updates. Roof and Heat Pump have been recently replaced. Step inside to discover real hardwood floors and abundant charm! Each room boasts unique details, adding to the homes enduring appeal. Plenty of room for all your needs with four bedrooms and a potential 5th or an office. The charming kitchen has charm and yet very functional with the laundry room nearby! The bathrooms feature lovely and tasteful updates. The unfinished basement offers excellent storage space and workshop areas! The spacious deck and large backyard is ready for your vision! Located next to Edwards Elementary makes it very convienient access to school! With unbeatable location and classic charm, this home is a treasure in lovely Newberg! Don't miss your chance to own this beauty!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97132, Newberg, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,751 (100%)
Owner Occupied HU	8,243 (64.6%)
Renter Occupied HU	3,884 (30.5%)
Vacant Housing Units	624 ( 4.9%)
Median Home Value	$557,408
Average Home Value	$619,628