996 Legacy LnEugeneOR97402
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Eugene rental at 996 Legacy Ln, Eugene, OR, 97402 sits in the solid-income band: 9.79% gross yield, $4,968/mo rent, $1,233/mo net after the $2,738/mo debt service, DSCR 1.81. Entry price of $608,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $168,228 and $5,608/yr in principal reduction bring total cumulative return to $310,059.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 5.8% |
| Monthly Cash Flow | $1,233 | $420 |
City averages based on Eugene market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,968 |
| Total Monthly Debt Service | $3,493 |
| DSCR Ratio | 1.42x |
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 2025
5,575 sqft lot
$N/A/sqft
$60 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97402, Eugene, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,222 (100%) |
| Owner Occupied HU | 11,773 (50.7%) |
| Renter Occupied HU | 10,499 (45.2%) |
| Vacant Housing Units | 950 ( 4.1%) |
| Median Home Value | $405,848 |
| Average Home Value | $437,053 |
Housing Distribution
Address Breakdown
Residential
23,123
Single Family
19,544
Multi-Family
3,579
Businesses
2,885
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 2025
5,575 sqft lot
$N/A/sqft
$60 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97402, Eugene, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,222 (100%) |
| Owner Occupied HU | 11,773 (50.7%) |
| Renter Occupied HU | 10,499 (45.2%) |
| Vacant Housing Units | 950 ( 4.1%) |
| Median Home Value | $405,848 |
| Average Home Value | $437,053 |
Housing Distribution
Address Breakdown
Residential
23,123
Single Family
19,544
Multi-Family
3,579
Businesses
2,885
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mechelle Clough • Lennar Sales Corp
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #249878557
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-05-07 11:35:40 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.