888 Morning Glory DrIndependenceOR97351
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Nearby investment properties with comparable prices
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 Independence at 888 Morning Glory Dr, Independence, OR, 97351 priced at $465,000 pairs $3,060/mo rent with $253/mo cash flow after a $2,276/mo payment. Total monthly income equals $3,060/mo, and annual cash flow comes to $3,037/yr on $154,148 invested. Return on cash invested is 21.88% in year one, and rental yield stands at 7.9% on a $465,000 basis. Equity gained on principal adds $3,001/yr, and 5% annual appreciation accumulates to $128,471 by year five. Five-year ROI measures 113.23% and total cumulative return in cash reaches $174,539. For financing, Ziffy Mortgage’s DSCR program evaluates $3,060/mo property income against a $2,276/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
4,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97351, Independence, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,369 (100%) |
| Owner Occupied HU | 2,647 (60.6%) |
| Renter Occupied HU | 1,605 (36.7%) |
| Vacant Housing Units | 117 ( 2.7%) |
| Median Home Value | $427,687 |
| Average Home Value | $490,376 |
Housing Distribution
Address Breakdown
Residential
4,271
Single Family
4,110
Multi-Family
161
Businesses
323
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Listed by: JORDAN and MIKE HILL • Exp Realty, Llc
Mls Name: WVMLS
Mls ID: #836409