612 NE Hill StSheridanOR97378
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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 Sheridan at 612 NE Hill St, Sheridan, OR, 97378 uses $119,307 cash to close to unlock $5,485/yr annual cash flow and $457/mo monthly cash flow. Total monthly income runs $2,630/mo, and a $1,762/mo payment keeps the spread at $457/mo. Purchase price stands at $359,900, and rental yield measures 8.77% with $2,630/mo rent. Return on cash invested shows 24.51% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 127.33% and total cumulative return in cash records $151,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,630/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1997
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97378, Sheridan, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,977 (100%) |
| Owner Occupied HU | 1,913 (64.3%) |
| Renter Occupied HU | 917 (30.8%) |
| Vacant Housing Units | 147 ( 4.9%) |
| Median Home Value | $395,612 |
| Average Home Value | $482,628 |
Housing Distribution
Address Breakdown
Residential
2,652
Single Family
2,545
Multi-Family
107
Businesses
167
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