403 E 3rd StJosephOR97846
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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 Joseph at 403 E 3rd St, Joseph, OR, 97846 offers a 2.44% rental yield on a $579,000 purchase with $1,177/mo rent. 46% in year one. Equity gained on principal adds $3,736/yr while 5% annual appreciation supports $159,967 over five years. Portfolio math shows five-year ROI at 25.11% and total cumulative return in cash at $47,827. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,177/mo property income against a $2,834/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97846, Joseph, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 715 (48.5%) |
| Renter Occupied HU | 237 (16.1%) |
| Vacant Housing Units | 523 (35.5%) |
| Median Home Value | $408,456 |
| Average Home Value | $500,727 |
Housing Distribution
Address Breakdown
Residential
530
Single Family
529
Multi-Family
1
Businesses
127
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Listed by: Larrena Overton • Wallowa Mountain Properties
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #644781395
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-04-02 12:09:38 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.