203 S 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
Investment property for sale in Wallowa at 203 S Alder St, Wallowa, OR, 97885 offers a 5.84% rental yield on a $240,500 purchase with $1,170/mo rent. 67% in year one. Equity gained on principal adds $1,552/yr while 5% annual appreciation supports $66,446 over five years. Portfolio math shows five-year ROI at 79.94% and total cumulative return in cash at $63,735. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,170/mo property income against a $1,177/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.31 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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