72792 Shoestring RdCottage groveOR97424
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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 Cottage grove at 72792 Shoestring Rd, Cottage grove, OR, 97424 uses $94,478 cash to close to unlock $2,395/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,395/mo payment keeps the spread at $200/mo. Purchase price stands at $285,000, and rental yield measures 8.08% with $1,920/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 116.25% and total cumulative return in cash records $109,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Manufactured
Built in 1964
4.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97424, Cottage Grove, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,705 (100%) |
| Owner Occupied HU | 5,224 (67.8%) |
| Renter Occupied HU | 2,102 (27.3%) |
| Vacant Housing Units | 379 ( 4.9%) |
| Median Home Value | $498,856 |
| Average Home Value | $538,638 |
Housing Distribution
Address Breakdown
Residential
7,261
Single Family
6,676
Multi-Family
585
Businesses
622
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Listed by: Julie Wisely • Hybrid Real Estate
Mls Name: RMLS (OR)
Mls ID: #125160107