60215 Wallowa Lake HwyJosephOR97846
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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 60215 Wallowa Lake Hwy, Joseph, OR, 97846 offers a 2.48% rental yield on a $569,000 purchase with $1,177/mo rent. 59% in year one. Equity gained on principal adds $3,672/yr while 5% annual appreciation supports $157,204 over five years. Portfolio math shows five-year ROI at 25.83% and total cumulative return in cash at $48,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,177/mo property income against a $2,785/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.58 Acres 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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