613 Valley Heart Lane, Central Point, OR 97502
- $498,000
- List Price
- $498,000
- Status
- ACTIVE
- Days on Market
- 23
- MLS#
- 220227277
- Subtype
- Residential Income
- Style
- Contemporary
- Year Built
- 2005
- Lot Size
- 3,049
- Acres
- 0.07
- Subdivision
- Countryside Terrace
- Neighborhood
- Countryside Terrace
Property Description
Discover a solid investment opportunity with this 2005-built, low-maintenance 3 beds, 2 baths per unit duplex. With a 6% capitalization rate, this property is designed for strong financial performance from day one. An annual gross income of $40,368 against estimated operating expenses of under $10k. With a standard 30% down payment, the net operating income covers the projected annual debt service, ensuring this asset remains cash-flow positive the moment you close escrow. This duplex represents a rare combination of immediate stability and long-term wealth building for the savvy investor.
Additional Information
- Interior Features
- Breakfast Bar, Shower/Tub Combo
- Taxes
- $4,549
- HOA Fee
- $100
- Property Description
- Contemporary
- Zoning
- r3
- Flooring
- Carpet, Vinyl
- Appliances
- Dishwasher, Range
- Heating
- Forced Air
- Air Conditioning
- Central Air
- Stories
- Two
- Levels
- Two
- Roof
- Composition
- Foundation
- Concrete Perimeter
- Parking Features
- Assigned, Parking Lot
- Elementary School
- Central Point Elem
- Middle School
- Scenic Middle
- High School
- Crater High
- View
- Territorial
Mortgage Calculator
Listing courtesy of Coldwell Banker Professional Group.
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