918 E 16th StLafayetteOR97127
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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
Investment property for sale in Lafayette at 918 E 16th St, Lafayette, OR, 97127 offers a 7.28% rental yield on a $539,000 purchase with $3,270/mo rent. Total monthly income registers $3,270/mo, and a $2,638/mo payment leaves $2/mo available for distribution. Annual cash flow reaches $23/yr on $177,331 to close, and return on cash invested stands at 20.07% in year one. Equity gained on principal adds $3,478/yr while 5% annual appreciation supports $148,916 over five years. Portfolio math shows five-year ROI at 103.51% and total cumulative return in cash at $183,564. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,270/mo property income against a $2,638/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
5,227 sqft lot
$N/A/sqft
$177 annually HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97127, Lafayette, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,523 (100%) |
| Owner Occupied HU | 1,274 (83.7%) |
| Renter Occupied HU | 222 (14.6%) |
| Vacant Housing Units | 27 ( 1.8%) |
| Median Home Value | $418,961 |
| Average Home Value | $449,861 |
Housing Distribution
Address Breakdown
Residential
1,402
Single Family
1,393
Multi-Family
9
Businesses
73
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-01 | Listed for sale | $539,000 |
| 2017-03-15 | Sold | $304,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2016
- Architectural Style: Traditional
- Building Area: 2,349
- Living Area: 2,349 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: Laminate, Wall to Wall Carpet, Tile
- Interior Features: Walk-In Closet(s), Formal, Eat-in Kitchen, Eat Bar, Kitchen Island, Pantry, Bathroom, Tile
- Exterior Features: Garden, Yard
- Parking Features: Driveway, Garage Door Opener, Attached
Location
HOA & Fees
- HOA Fee: $177 annually
- Association Fee: $177 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Wascher
- Middle School: Patton
- High School: Mcminnville
Listed by: Tom Stubbs • RE/MAX Equity Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #730874235
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 2025-03-04 02:09:01 PST. 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.