440 NE Chestnut StMadrasOR97741
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Madras at 440 NE Chestnut St, Madras, OR, 97741 priced at $341,000 pairs $2,471/mo rent with $413/mo cash flow after a $1,669/mo payment. Total monthly income equals $2,471/mo, and annual cash flow comes to $4,952/yr on $113,042 invested. Return on cash invested is 24.29% in year one, and rental yield stands at 8.7% on a $341,000 basis. Equity gained on principal adds $2,200/yr, and 5% annual appreciation accumulates to $94,212 by year five. Five-year ROI measures 126.14% and total cumulative return in cash reaches $142,592. For financing, Ziffy Mortgage’s DSCR program evaluates $2,471/mo property income against a $1,669/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97741, Madras, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,469 (100%) |
| Owner Occupied HU | 3,265 (59.7%) |
| Renter Occupied HU | 1,822 (33.3%) |
| Vacant Housing Units | 382 ( 7.0%) |
| Median Home Value | $373,888 |
| Average Home Value | $420,233 |
Housing Distribution
Address Breakdown
Residential
4,908
Single Family
4,863
Multi-Family
45
Businesses
459
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices