12 SW 2nd StMadrasOR97741
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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
Investment Highlights
Rental property for sale in Madras at 12 SW 2nd St, Madras, OR, 97741 priced at $225,000 converts $1,708/mo rent into $350/mo cash flow after a $1,101/mo obligation. Total monthly income equals $1,708/mo, and annual cash flow totals $4,201/yr on $74,588 invested. Return on cash invested prints 25.54% in year one, and rental yield reads 9.11% against a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation compiles into $62,163 by year five. Five-year ROI reaches 132.92% and total cumulative return in cash sums $99,141. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,708/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1953
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97741, Madras, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,469 (100%) |
| Owner Occupied HU | 3,265 (59.7%) |
| Renter Occupied HU | 1,822 (33.3%) |
| Vacant Housing Units | 382 ( 7.0%) |
| Median Home Value | $373,888 |
| Average Home Value | $420,233 |
Housing Distribution
Address Breakdown
Residential
4,908
Single Family
4,863
Multi-Family
45
Businesses
459
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