648 SW 3rd 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 648 SW 3rd St, Sheridan, OR, 97378 uses $132,567 cash to close to unlock $365/yr annual cash flow and $30/mo monthly cash flow. Total monthly income runs $2,444/mo, and a $1,957/mo payment keeps the spread at $30/mo. Purchase price stands at $399,900, and rental yield measures 7.33% with $2,444/mo rent. Return on cash invested shows 20.18% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 104.14% and total cumulative return in cash records $138,056. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,444/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1979
7,405 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-27 | Listed for sale | $399,900 |
| 2018-08-23 | Sold | $235,000 |
| 2018-07-06 | Pending sale | $229,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-29 | $2267.93 | 2.86% | $176,841 | 3.00% |
| 2022-05-29 | $2204.93 | -11.66% | $171,690 | 3.00% |
| 2021-05-29 | $2495.95 | 3.50% | $166,689 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1979
- Architectural Style: N/A
- Building Area: 1,740
- Living Area: 1,740 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Ductless/Mini-Split
- Cooling: N/A
- Flooring: Carpet
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: No Garage
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Faulconer
- Middle School: Faulconer
- High School: Sheridan
Listed by: CAMILLE OLIVEIRA • Works Real Estate
Mls Name: WVMLS
Mls Provider:
Mls ID: #829413
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.