943 Smith StHarrisburgOR97446
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.36% yield at 943 Smith St, Harrisburg, OR, 97446 in Harrisburg is solid, but the $1,663/mo payment compresses net cash flow to $35/mo at $369,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $102,197 by year five, and $3,407/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.36) without U.S. income documentation. Total projected return: $142,322.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.2% |
| Monthly Cash Flow | $35 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,268 |
| Total Monthly Debt Service | $2,086 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1996
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97446, Harrisburg, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,995 (100%) |
| Owner Occupied HU | 1,465 (73.4%) |
| Renter Occupied HU | 462 (23.2%) |
| Vacant Housing Units | 68 ( 3.4%) |
| Median Home Value | $429,966 |
| Average Home Value | $472,604 |
Housing Distribution
Address Breakdown
Residential
1,763
Single Family
1,761
Multi-Family
2
Businesses
135
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
Single Family
Built in 1996
6,970 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97446, Harrisburg, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,995 (100%) |
| Owner Occupied HU | 1,465 (73.4%) |
| Renter Occupied HU | 462 (23.2%) |
| Vacant Housing Units | 68 ( 3.4%) |
| Median Home Value | $429,966 |
| Average Home Value | $472,604 |
Housing Distribution
Address Breakdown
Residential
1,763
Single Family
1,761
Multi-Family
2
Businesses
135
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ARICA MITCHELL • Song Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #826740
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.