922 S 38th StSpringfieldOR97478
Nearby investment properties with comparable rents
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
Investment property for sale in Springfield at 922 S 38th St, Springfield, OR, 97478 earns $272/mo cash flow from $2,686/mo rent with a $1,957/mo payment. Total monthly income totals $2,686/mo, and annual cash flow totals $3,269/yr on $132,567 capital. ROI tracks 22.38% on current figures, and rental yield reads 8.06% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 115.87% and total cumulative return in cash sums $153,608. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,686/mo property income instead of your personal income.
Single Family
Built in 1964
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97478, Springfield, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,429 (100%) |
| Owner Occupied HU | 10,304 (66.8%) |
| Renter Occupied HU | 4,596 (29.8%) |
| Vacant Housing Units | 529 ( 3.4%) |
| Median Home Value | $467,133 |
| Average Home Value | $522,825 |
Housing Distribution
Address Breakdown
Residential
15,037
Single Family
14,943
Multi-Family
94
Businesses
461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jesse Haffly • eXp Realty LLC
Mls Name: RMLS (OR)
Mls ID: #322885725