119 NW Sherman St, Sheridan, OR, 97378 | $745/mo Cash Flow

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119 NW Sherman St, Sheridan, OR, 97378 | $745/mo Cash Flow | Ziffy

Pending

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 Sheridan at 119 NW Sherman St, Sheridan, OR, 97378 uses $95,804 cash to close to unlock $8,941/yr annual cash flow and $745/mo monthly cash flow. Total monthly income runs $2,490/mo, and a $1,415/mo payment keeps the spread at $745/mo. Purchase price stands at $289,000, and rental yield measures 10.34% with $2,490/mo rent. Return on cash invested shows 29.24% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 152.73% and total cumulative return in cash records $146,318. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,490/mo property income covering a $1,415/mo payment rather than investor’s personal income.

Manufactured

Built in 2000

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Lovely manufactured home on it's own .20 parcel. Timber framed front deck adds to the charisma of this lovely home. New roof in 2021. New furnace and heat pump in 2023. No HOA! Well maintained and ready for its new owners, you will love the floor plan with 3 beds/2 baths, living room and family room. Detached 2 car garage with long driveway allows for multiple cars to park. The backyard has been transformed with paths, flowers, bushes and garden arbors creating a serene and comfortable setting. Fenced yard keeps the pets safe and contained. Priced just right for the discerning buyer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97378, Sheridan, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,977 (100%)
Owner Occupied HU	1,913 (64.3%)
Renter Occupied HU	917 (30.8%)
Vacant Housing Units	147 ( 4.9%)
Median Home Value	$395,612
Average Home Value	$482,628