803 Main St, Philomath, OR, 97370 | $355/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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803 Main St, Philomath, OR, 97370 | $355/mo Cash Flow | Ziffy

For Sale

Listed for sale 6 days ago

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 803 Main St, Philomath, OR, 97370 earns $355/mo cash flow from $2,317/mo rent with a $1,591/mo payment. Total monthly income totals $2,317/mo, and annual cash flow totals $4,260/yr on $107,738 capital. ROI tracks 23.86% on current figures, and rental yield reads 8.56% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 123.84% and total cumulative return in cash sums $133,417. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,317/mo property income instead of your personal income.

Single Family

Built in 1920

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the charm of this inviting cottage-style home perfectly positioned on a corner lot in beautiful downtown philomath, just minutes from OSU. This home has updated plumbing throughout. With stores, parks, restaurants, and schools all within walking distance, convenience is at your doorstep. With its prime location and strong rental potential, this property is an excellent opportunity for both homeowners and investors alike. Open House 12/13 from 10am-1pm, all offers are due by Monday 12/22 at 5pm.

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