








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Dallas at NW Crater Lake Dr LOT 120, Dallas, OR, 97338 offers $3,427/mo rent that, after a $2,516/mo payment, leaves $324/mo cash flow. Total monthly income is $3,427/mo, and annual cash flow is $3,890/yr on $169,106 cash. Return on cash invested measures 22.36% in year one, and rental yield stands at 8% at a $514,000 entry. Equity gained on principal adds $3,317/yr while 5% annual appreciation compounds into $142,009 by year five. Five-year ROI records 115.78% and total cumulative return in cash reaches $195,791. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,427/mo property income versus a $2,516/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,825 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97338, Dallas, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,715 (100%) |
| Owner Occupied HU | 6,971 (71.8%) |
| Renter Occupied HU | 2,440 (25.1%) |
| Vacant Housing Units | 304 ( 3.1%) |
| Median Home Value | $460,123 |
| Average Home Value | $495,328 |
Residential
9,322
Single Family
8,769
Multi-Family
553
Businesses
623
Date | Event | Price |
|---|---|---|
| 2024-03-27 | Listed for sale | $514,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: ILYA MAKARENKO • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #814844
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.