407 Residence 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
Rental property for sale in Enterprise at 407 Residence St, Enterprise, OR, 97828 priced at $398,000 converts $1,680/mo rent into after a $1,948/mo obligation. Total monthly income equals $1,680/mo. Return on cash invested prints 13.34% in year one, and rental yield reads 5.07% against a $398,000 entry. Equity gained on principal adds $2,568/yr, while 5% annual appreciation compiles into $109,960 by year five. Five-year ROI reaches 67.42% and total cumulative return in cash sums $88,956. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,680/mo property income covering a $1,948/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.30 Acres 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: Larrena Overton • Wallowa Mountain Properties
Mls Name: RMLS (OR)
Mls ID: #664974845