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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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$284,000
3 bds1 ba1068sqft
138229 Hillcrest StGilchristOR97737
6.48%
Gross Yield
17.21%
ROI
$1,534/m
Est. Rent
$0
Total Investment
$0
Down Payment
$0
Closing Costs
For Sale
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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
Rental property for sale in Gilchrist at 138229 Hillcrest St, Gilchrist, OR, 97737 generates $1,534/mo in rent, after a $1,390/mo payment. Total monthly income is $1,534/mo. Return on cash invested sits at 17.35% in year one, and rental yield is 6.48% on a $284,000 entry. Equity gained on principal adds $1,833/yr, while 5% annual appreciation builds toward $78,464 over five years. Five-year ROI reaches 88.99% and total cumulative return in cash sums $83,777. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,534/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
8,712 sqft lot
$N/A/sqft
$250 annually HOA
More details about the property
This home is a great find in a small community near Central Oregon, perfect for outdoor activities like skiing, fishing, and hunting. It is move-in ready with fresh paint throughout. The kitchen features new stainless steel double ovens and a refrigerator. A new hot water heater provides reliable hot water when you need it. With three bedrooms, a hobby room, and one bathroom, this 1,068 sq ft home has plenty of space. The lot is 0.20 acres and includes a fenced backyard and a back deck for outdoor fun and entertaining. The metal roof and natural gas heater add protection and energy efficiency. This property also has a single-car garage for added convenience.
It backs up to the Gilchrist School District and state forest, offering beautiful views and a peaceful setting. Sellers is offering $4000 towards Buyers closing costs.
Neighborhood Data
Neighborhood data shown for ZIP Code: 97737, Gilchrist, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 278 (100%) |
| Owner Occupied HU | 172 (61.9%) |
| Renter Occupied HU | 43 (15.5%) |
| Vacant Housing Units | 63 (22.7%) |
| Median Home Value | $402,500 |
| Average Home Value | $445,465 |
Housing Distribution
Address Breakdown
Residential
92
Single Family
87
Multi-Family
5
Businesses
16
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $284,000 |
| 2024-11-27 | Listing removed | $279,000 |
| 2024-10-26 | Price change | $279,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-18 | $991.31 | 2.59% | $78,100 | 2.99% |
| 2022-03-18 | $966.25 | 11.89% | $75,830 | 2.99% |
| 2021-03-18 | $863.56 | 2.91% | $73,630 | 2.99% |
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Powered by
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NMLS #2625701
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1939
- Architectural Style: Cottage/Bungalow,Traditional
- Building Area: 1,068
- Living Area: 1,068 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Ductless, Free-Standing, Natural Gas
- Cooling: None
- Flooring: Hardwood, Vinyl
- Interior Features: Ceiling Fan(s), Laminate Counters, Linen Closet, Shower/Tub Combo
- Exterior Features: Fire Pit
- Parking Features: Detached, Gravel, Shared Driveway
Location
HOA & Fees
- HOA Fee: $250 annually
- Association Fee: $250 annually
- Fees & Dues: N/A
- Association Amenities: Snow Removal
- Association Fee Includes: N/A
Utilities
- Utilities: Natural Gas Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Gilchrist Elem
- Middle School: Gilchrist Jr/Sr High
- High School: Gilchrist Jr/Sr High
Listed by: N/A • La Pine Realty
Mls Name: Oregon Datashare
Mls Provider:
Mls ID: #220197464
Disclaimer: 2025 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Zillow Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. This content has last been updated on 2025-03-18 12:18:16 PDT