990 Pippa Ln, Philomath, OR, 97370 | 4.01% Rental Yield

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990 Pippa Ln, Philomath, OR, 97370 | 4.01% 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

Total monthly income runs $1,836/mo, and a $2,691/mo payment. Purchase price stands at $549,900, and rental yield measures 4.01% with $1,836/mo rent. Return on cash invested shows 10.23% in year one, and 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 50.7% and total cumulative return in cash records $91,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,836/mo property income covering a $2,691/mo payment rather than investor’s personal income.

Single Family

Built in 1972

0.47 Acres lot

$N/A/sqft

No HOA

More details about the property

Set on a generous 0.47-acre lot, this home offers space to breathe with light-filled rooms and sweeping views to the east. A brick fireplace warms the family room, while laminate flooring, vinyl windows, and a newer furnace provide comfort and ease. The large bonus room invites possibilitywhether for homeschool, in-home daycare, or gatherings. Mature trees and basic landscaping allow you to bring your ideas and develop the yard you always wanted. A full price offer includes a new roof and peace of mind. This home balances practicality with potential. The wide lot creates room for gardening, play, and outdoor living, while the eastern views provide a daily reminder of why the Willamette Valley is such a special place to call home. Inside, the layout is both functional and flexible, offering spaces that adapt as your needs change. Whether you dream of a dedicated work-from-home setup, a creative studio, or simply extra room for visiting friends, the design provides options.Philomath itself adds to the appeal. Nestled against the Coast Range and only minutes from Corvallis, its a community known for its welcoming atmosphere, local schools, and easy access to outdoor recreation. From nearby hiking and biking trails to award-winning wineries and farmers markets, youll find plenty to explore close to home. Corvallis and Oregon State University are just a short drive away, offering dining, cultural events, and additional amenities.With thoughtful updates already in place and the opportunity to customize the yard and spaces to your vision, this property is ready for its next chapter. Here youll find comfort, flexibility, and a lifestyle connected to both nature and town.Beyond the neighborhood, youll enjoy quick access east to Corvallis for work, shopping, and university life, or west over the Coast Range for a weekend trip to Newport, Waldport, or other Oregon beaches. Outdoor enthusiasts will appreciate local hiking trails, fishing along the Marys River, and boating opportunities at nearby reservoirs. Living here means having the freedom to enjoy both the vibrancy of town and the calm of the outdoorsall from a home that supports the way you want to live.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97370, Philomath, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,001 (100%)
Owner Occupied HU	2,776 (69.4%)
Renter Occupied HU	1,070 (26.7%)
Vacant Housing Units	155 ( 3.9%)
Median Home Value	$537,267
Average Home Value	$568,482