803 N Elliott RdNewbergOR97132
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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 Newberg at 803 N Elliott Rd, Newberg, OR, 97132 priced at $639,000 converts $3,455/mo rent into after a $3,128/mo obligation. Total monthly income equals $3,455/mo. Return on cash invested prints 17.76% in year one, and rental yield reads 6.49% against a $639,000 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation compiles into $176,544 by year five. Five-year ROI reaches 91.11% and total cumulative return in cash sums $191,536. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,455/mo property income covering a $3,128/mo payment, not borrower’s personal income.
Single Family
Built in 1949
0.47 Acres lot
$N/A/sqft
No HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
12,286
Single Family
11,031
Multi-Family
1,255
Businesses
1,045
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-20 | Listed for sale | $639,000 |
| 2018-09-28 | Sold | $415,000 |
| 2018-08-25 | Pending sale | $415,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-20 | $4718.90 | 2.76% | $296,790 | 3.00% |
| 2022-03-20 | $4592.27 | 2.78% | $288,146 | 3.00% |
| 2021-03-20 | $4467.96 | 11.05% | $279,753 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1949
- Architectural Style: Traditional
- Building Area: 2,118
- Living Area: 2,118 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air, Fireplace(s)
- Cooling: Central Air
- Flooring: Hardwood, Laminate, Wood
- Interior Features: Ceiling Fan(s), High Ceilings, Marble, Vaulted Ceiling(s), Eat Bar, Bookcases
- Exterior Features: Garden, Yard
- Parking Features: Driveway, RV Access/Parking, Detached
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Mabel Rush
- Middle School: Mountain View
- High School: Newberg
Listed by: Trevor Erion • Berkshire Hathaway HomeServices NW Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #777129421
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-03-20 11:21:24 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.