950 Evergreen Rd APT 109, Woodburn, OR, 97071 | $335/mo Cash Flow

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950 Evergreen Rd APT 109, Woodburn, OR, 97071 | $335/mo Cash Flow | Ziffy

For Sale

Motivated Seller

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 Woodburn at 950 Evergreen Rd APT 109, Woodburn, OR, 97071 uses $56,189 cash to close to unlock $4,026/yr annual cash flow and $335/mo monthly cash flow. Total monthly income runs $1,359/mo, and a $830/mo payment keeps the spread at $335/mo. Purchase price stands at $169,500, and rental yield measures 9.62% with $1,359/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $46,830 over five years. Five-year ROI reaches 141.12% and total cumulative return in cash records $79,292. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,359/mo property income covering a $830/mo payment rather than investor’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

How's this for convenience? Enter and exit through the slider just off the parking lot or take a break on your covered patio and watch the world go by. Restaurants, shopping and transit are easily accessible. Here's a turn-key unit with newer carpet and electrical panel (2022). The kitchen offers a built-in microwave and garbage disposal plus refer, dishwasher, stove and pantry. Walk-in closet and shower adjoin the primary bedroom. The in-unit laundry will allow more time for the many recreational options in this secure 55+ condo complex: exercise room, cards, billiards, ping-pong, sauna, library and 3 nearby golf courses. Large closets plus an additional storage locker for those extras. First American Home warranty included by motivated seller, plus credits toward closing costs!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97071, Woodburn, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,832 (100%)
Owner Occupied HU	7,016 (59.3%)
Renter Occupied HU	3,962 (33.5%)
Vacant Housing Units	854 ( 7.2%)
Median Home Value	$441,872
Average Home Value	$501,221