203 N Alder StWallowaOR97885
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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 Wallowa at 203 N Alder St, Wallowa, OR, 97885 priced at $559,000 pairs $1,200/mo rent with after a $2,736/mo payment. Total monthly income equals $1,200/mo. Return on cash invested is 5.87% in year one, and rental yield stands at 2.58% on a $559,000 basis. Equity gained on principal adds $3,607/yr, and 5% annual appreciation accumulates to $154,441 by year five. Five-year ROI measures 27.33% and total cumulative return in cash reaches $50,271. For financing, Ziffy Mortgage’s DSCR program evaluates $1,200/mo property income against a $2,736/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97885, Wallowa, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 778 (100%) |
| Owner Occupied HU | 529 (68.0%) |
| Renter Occupied HU | 161 (20.7%) |
| Vacant Housing Units | 88 (11.3%) |
| Median Home Value | $476,984 |
| Average Home Value | $587,117 |
Housing Distribution
Address Breakdown
Residential
295
Single Family
295
Multi-Family
0
Businesses
31
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