917 Luke St, Independence, OR, 97351 | $615/mo Cash Flow

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917 Luke St, Independence, OR, 97351 | $615/mo Cash Flow | 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 917 Luke St, Independence, OR, 97351 listed at $389,900 pairs $2,968/mo rent with a $1,908/mo payment to leave $615/mo cash flow. Total monthly income runs $2,968/mo, and annual cash flow reaches $7,378/yr on $129,252 cash to close. Return on cash invested measures 25.62% in year one, and rental yield registers 9.13% at a $389,900 basis. Equity gained on principal adds $2,516/yr, and annual property appreciation at 5% supports $107,722 by year five. Five-year ROI tracks 133.25% and total cumulative return in cash totals $172,225. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,968/mo property income relative to a $1,908/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 2005

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Step inside this spacious 3-bedroom, 2-bath beauty where comfort meets function! All bedrooms are oversized with brand-new carpet for a fresh, inviting feel. The main suite features a large private bath and a versatile office/bonus room ideal for work or creativity. Enjoy the open kitchen flowing into the living area for effortless entertaining. Outside, a deep ~24'-36 garage offers abundant storage. A brand-new 2025 roof & low maintenance yard, tops off this move-in ready home!

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