659 NE McCampbell StMadrasOR97741
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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 Madras at 659 NE McCampbell St, Madras, OR, 97741 priced at $284,900 pairs $2,700/mo rent with $953/mo cash flow after a $1,394/mo payment. Total monthly income equals $2,700/mo, and annual cash flow comes to $11,437/yr on $94,444 invested. Return on cash invested is 32.02% in year one, and rental yield stands at 11.37% on a $284,900 basis. Equity gained on principal adds $1,838/yr, and 5% annual appreciation accumulates to $78,713 by year five. Five-year ROI measures 167.75% and total cumulative return in cash reaches $158,435. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $1,394/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
$83 quarterly 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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Listed by: N/A • Lennar Sales Corp
Mls Name: Oregon Datashare
Mls Provider:
Mls ID: #220190375
Disclaimer: 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Zillow Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. This content has last been updated on 2024-11-12 07:36:46 PST