220 E Cannon StHeppnerOR97836
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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 Heppner at 220 E Cannon St, Heppner, OR, 97836 generates $1,200/mo in rent and, after a $822/mo payment, leaves $186/mo in cash flow. Total monthly income is $1,200/mo, and annual cash flow is $2,236/yr on $55,659 invested. Return on cash invested sits at 23.93% in year one, and rental yield is 8.58% on a $167,900 entry. Equity gained on principal adds $1,083/yr, while 5% annual appreciation builds toward $46,388 over five years. Five-year ROI reaches 124.22% and total cumulative return in cash sums $69,142. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1902
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97836, Heppner, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,051 (100%) |
| Owner Occupied HU | 561 (53.4%) |
| Renter Occupied HU | 243 (23.1%) |
| Vacant Housing Units | 247 (23.5%) |
| Median Home Value | $405,385 |
| Average Home Value | $511,324 |
Housing Distribution
Address Breakdown
Residential
345
Single Family
320
Multi-Family
25
Businesses
113
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