978 N Alder St, Canby, OR, 97013 | 6.58% Rental Yield

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978 N Alder St, Canby, OR, 97013 | 6.58% Rental Yield | 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 Canby at 978 N Alder St, Canby, OR, 97013 listed at $819,000 pairs $4,490/mo rent with a $4,009/mo payment. Total monthly income runs $4,490/mo. Return on cash invested measures 18.04% in year one, and rental yield registers 6.58% at a $819,000 basis. Equity gained on principal adds $5,285/yr, and annual property appreciation at 5% supports $226,275 by year five. Five-year ROI tracks 92.56% and total cumulative return in cash totals $249,417. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,490/mo property income relative to a $4,009/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2006

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Exceptional craftsmanship in Knights Bridge Estates. Built in 2006, this wonderful traditional home balances formal and informal spaces seamlessly. Views of Mount Hood from the upper level primary suite with fireplace and its own balcony. The main level with its cherry hardwood floors, beautiful cooks kitchen with gas range and hoot with direct access to the patio, sunny breakfast nookopen to the family room with a double-sided gas fireplace that connects to the backdeck. Easy, low maintenance backyard features a hot tub, covered patio, and outdoor fireplace. Large laundry room on the main level, oversized 3 Car Garage, formal living + dining plus powder room. Upstairs, the primary suite is generous with an added sitting room + gas fireplace. The primary bath features a big soaking tub, walk in shower, toilet closet, double vanity + walk in closet. 3 more bedrooms on the upper and a full bath. The 4th bedroom is very spacious with a large walk in closet - currently used as an office. Discover all the flexibility this design offers. Wonderful neighborhood and timeless appeal. The backyard could be expanded on this corner lot property, to enclose more of the side yard. Very easy flat access on both the driveway + throughout the grounds. Spacious hardscape front patio under the maple tree is a shady and quiet place to sit, there's even space for a patio table. This Knights Bridge Estates home is an opportunity not to be missed! Easy access to freeway and downtown Canbys shopping + dining.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97013, Canby, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,696 (100%)
Owner Occupied HU	6,936 (71.5%)
Renter Occupied HU	2,486 (25.6%)
Vacant Housing Units	274 ( 2.8%)
Median Home Value	$597,733
Average Home Value	$656,917