914 James St, Independence, OR, 97351 | 6.58% Rental Yield

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914 James St, Independence, OR, 97351 | 6.58% Rental Yield | Ziffy

For Sale

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 Independence at 914 James St, Independence, OR, 97351 offers a 6.58% rental yield on a $400,000 purchase with $2,192/mo rent. 89% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 91.85% and total cumulative return in cash at $121,792. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,192/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1992

8,833 sqft lot

$N/A/sqft

No HOA

More details about the property

Spacious and versatile living awaits! This home offers exceptional flexibility with a dedicated office and a heated garage flex space that can easily serve as fourth and fifth bedrooms. Nestled on an oversized, park-like lot with additional common space beyond the property line. Enjoy the raised garden beds and two storage sheds. Inside, the expansive living area is enhanced by vaulted ceilings, creating an open and airy feel. The primary suite includes a walk-in closet, soaking tub, and separate shower. Second bedroom features an ensuite as well, with skylight, ideal for guests or multi-generational living. The kitchen features a gas range, microhood, abundant storage, a coffee/appliance bar, and a peninsula with casual seating. Recent updates include a newer water heater and AC. Conveniently located near schools and shopping, this home maintains a quiet, country feel on the edge of town, offering the best of both worlds.

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