503 W 7th StWallowaOR97885
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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 Wallowa at 503 W 7th St, Wallowa, OR, 97885 generates $1,200/mo in rent and, after a $778/mo payment, leaves $240/mo in cash flow. Total monthly income is $1,200/mo, and annual cash flow is $2,886/yr on $52,709 invested. Return on cash invested sits at 25.38% in year one, and rental yield is 9.06% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 132.02% and total cumulative return in cash sums $69,588. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
2,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97885, Wallowa, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 778 (100%) |
| Owner Occupied HU | 529 (68.0%) |
| Renter Occupied HU | 161 (20.7%) |
| Vacant Housing Units | 88 (11.3%) |
| Median Home Value | $476,984 |
| Average Home Value | $587,117 |
Housing Distribution
Address Breakdown
Residential
295
Single Family
295
Multi-Family
0
Businesses
31
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