220 NE Hill St, Sheridan, OR, 97378 | $770/mo Cash Flow

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220 NE Hill St, Sheridan, OR, 97378 | $770/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

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

Investment property for sale in Sheridan at 220 NE Hill St, Sheridan, OR, 97378 at $285,000 posts ROI 29.68% with $770/mo cash flow from $2,490/mo rent. Total monthly income equals $2,490/mo, and annual cash flow records $9,235/yr on $94,478 to close. Return on cash invested measures 29.68% and rental yield reads 10.48% at the current $285,000. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 by year five. Five-year ROI prints 155.07% and total cumulative return in cash totals $146,502.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,490/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Manufactured

Built in 1999

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Move-in ready and packed with features. Just minutes from downtown, this immaculate 3-bedroom, 2-bath, 1,296 sq. ft. single-level manufactured home sits proudly on its own lot with an attached garage. Step inside to a bright, open layout featuring vaulted ceilings, ceiling fans, and thoughtful storage at every turnextra cabinets in both bathrooms and bedrooms, plus a pantry and eating bar in the kitchen. Enjoy year-round comfort with forced-air heating and central A/C. The attached one-car garage and multiple on-site parking spaces make life easy, while mature fruit trees and a charming covered front porch with wheelchair ramps at both the front and back offer accessibility and curb appeal. Need a workshop, hobby space, or extra storage? The exterior shed is wired with electricity, plumbed, and ready to become your perfect she shed, man cave, or creative retreat. Dont miss this opportunitythis home truly has it all! Dont miss the opportunity to own this stunning home that blends lifestyle, location, and livability. Schedule your showing today! Home is located in a flood zone. Buyer to conduct due diligence - Estate of Ronald F Chapman with Personal Representative.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97378, Sheridan, OR area.

Housing Distribution

Housing Statistics

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