893 E Cleveland StCarltonOR97111
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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 Carlton at 893 E Cleveland St, Carlton, OR, 97111 offers $3,780/mo rent that, after a $2,521/mo payment, leaves $671/mo cash flow. Total monthly income is $3,780/mo, and annual cash flow is $8,052/yr on $169,435 cash. Return on cash invested measures 24.81% in year one, and rental yield stands at 8.81% at a $515,000 entry. Equity gained on principal adds $3,323/yr while 5% annual appreciation compounds into $142,285 by year five. Five-year ROI records 128.93% and total cumulative return in cash reaches $218,449. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,780/mo property income versus a $2,521/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97111, Carlton, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,607 (100%) |
| Owner Occupied HU | 1,254 (78.0%) |
| Renter Occupied HU | 266 (16.6%) |
| Vacant Housing Units | 87 ( 5.4%) |
| Median Home Value | $574,885 |
| Average Home Value | $664,053 |
Housing Distribution
Address Breakdown
Residential
1,083
Single Family
1,083
Multi-Family
0
Businesses
102
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