704 N Mill StJosephOR97846
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Joseph at 704 N Mill St, Joseph, OR, 97846 offers $1,759/mo rent that, after a $1,307/mo payment, leaves $147/mo cash flow. Total monthly income is $1,759/mo, and annual cash flow is $1,766/yr on $88,511 cash. Return on cash invested measures 21.9% in year one, and rental yield stands at 7.91% at a $267,000 entry. Equity gained on principal adds $1,723/yr while 5% annual appreciation compounds into $73,767 by year five. Five-year ROI records 113.38% and total cumulative return in cash reaches $100,351. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,759/mo property income versus a $1,307/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.36 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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