499 SE 8th StMadrasOR97741
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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 Madras at 499 SE 8th St, Madras, OR, 97741 uses $115,992 cash to close to unlock $1,314/yr annual cash flow and $110/mo monthly cash flow. Total monthly income runs $2,222/mo, and a $1,713/mo payment keeps the spread at $110/mo. Purchase price stands at $349,900, and rental yield measures 7.62% with $2,222/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 108.74% and total cumulative return in cash records $126,126. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,222/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1962
9,147 sqft 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
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