784 Meridian RdEagle PtOR97524
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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
Rental property for sale in Eagle Pt at 784 Meridian Rd, Eagle Pt, OR, 97524 offers $1,961/mo rent that, after a $1,762/mo payment. Total monthly income is $1,961/mo. Return on cash invested measures 17.78% in year one, and rental yield stands at 6.54% at a $360,000 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 91.2% and total cumulative return in cash reaches $108,837. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,961/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1971
9.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97524, Eagle Point, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,769 (100%) |
| Owner Occupied HU | 5,062 (74.8%) |
| Renter Occupied HU | 1,361 (20.1%) |
| Vacant Housing Units | 346 ( 5.1%) |
| Median Home Value | $504,183 |
| Average Home Value | $567,364 |
Housing Distribution
Address Breakdown
Residential
6,233
Single Family
6,037
Multi-Family
196
Businesses
305
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