402 NW 2nd StEnterpriseOR97828
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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 Enterprise at 402 NW 2nd St, Enterprise, OR, 97828 uses $63,814 cash to close to unlock $6,219/yr annual cash flow and $518/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $942/mo payment keeps the spread at $518/mo. Purchase price stands at $192,500, and rental yield measures 10.47% with $1,680/mo rent. Return on cash invested shows 29.65% in year one, and 5% annual appreciation builds toward $53,184 over five years. Five-year ROI reaches 154.98% and total cumulative return in cash records $98,897. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $942/mo payment rather than investor’s personal income.
Manufactured
Built in 1971
6,240 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97828, Enterprise, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,859 (100%) |
| Owner Occupied HU | 1,215 (65.4%) |
| Renter Occupied HU | 431 (23.2%) |
| Vacant Housing Units | 213 (11.5%) |
| Median Home Value | $449,272 |
| Average Home Value | $552,889 |
Housing Distribution
Address Breakdown
Residential
1,500
Single Family
1,492
Multi-Family
8
Businesses
311
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Listed by: Robin Despain • Wallowa Mountain Properties
Mls Name: RMLS (OR)
Mls ID: #242847951