








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


Rental property for sale in Sheridan at 221 NW Blair St, Sheridan, OR, 97378 priced at $279,900 pairs $2,597/mo rent with $907/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,597/mo, and annual cash flow comes to $10,889/yr on $92,787 invested. Return on cash invested is 31.64% in year one, and rental yield stands at 11.13% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 165.59% and total cumulative return in cash reaches $153,649. For financing, Ziffy Mortgage’s DSCR program evaluates $2,597/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2006
4,791 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 |
|---|---|---|
| 2025-09-12 | Price change | $279,900 |
| 2025-09-04 | Price change | $292,000 |
| 2025-08-04 | Listed for sale | $304,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-24 | $508.67 | 2.97% | $39,675 | 3.00% |
| 2023-09-24 | $493.99 | 2.86% | $38,519 | 3.00% |
| 2022-09-24 | $480.27 | -11.66% | $37,397 | 3.00% |



Listed by: CARLOS LANDA • Homesmart Realty Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #833848
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.