605 SE Kinkade RdMadrasOR97741
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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 605 SE Kinkade Rd, Madras, OR, 97741 listed at $499,000 pairs $2,339/mo rent with a $2,442/mo payment. Total monthly income runs $2,339/mo. Return on cash invested measures 15.03% in year one, and rental yield registers 5.62% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 76.49% and total cumulative return in cash totals $126,522. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,339/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1993
1.34 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
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