





A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Sheridan at 204 SW Water St, Sheridan, OR, 97378 listed at $255,000 pairs $1,823/mo rent with a $1,248/mo payment to leave $284/mo cash flow. Total monthly income runs $1,823/mo, and annual cash flow reaches $3,406/yr on $84,533 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 8.58% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 124.25% and total cumulative return in cash totals $105,032. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,823/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97378, Sheridan, OR area.
| 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 |
Residential
2,652
Single Family
2,545
Multi-Family
107
Businesses
167
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Esther Stewart • eXp Realty, LLC
Mls Name: RMLS (OR)
Mls ID: #154207336