7555 Sawtell Rd, Sheridan, OR, 97378 | 2.3% Rental Yield

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7555 Sawtell Rd, Sheridan, OR, 97378 | 2.3% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Sheridan at 7555 Sawtell Rd, Sheridan, OR, 97378 offers a 2.3% rental yield on a $990,000 purchase with $1,894/mo rent. 02% in year one. Equity gained on principal adds $6,388/yr while 5% annual appreciation supports $273,519 over five years. Portfolio math shows five-year ROI at 22.76% and total cumulative return in cash at $74,132. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,894/mo property income against a $4,846/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1995

34.80 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover your perfect retreat on 34.8 acres, featuring a fully fenced 10-acre parcel with a home and an additional fully fenced 24.8 acres, sold together and not divisible. The spacious home offers 3 bedrooms, 2 bathrooms (one ensuite), a generous living room, and a utility room. While it needs some TLC, this as-is property boasts a great floor plan with endless potential to shine with a little love. Outside, enjoy a spacious 3-bay shop for ample workspace, a 14-stall horse barn, and a versatile auxiliary building awaiting your imagination. Ideal for homesteaders or those craving privacy, the property delivers stunning views and a secluded setting. Located just 30 minutes from Salem, 10 minutes from Spirit Mountain Casino, and 40 miles from the Oregon Coast, it blends rural tranquility with convenient access to entertainment and nature. This is a rare opportunity to own a peaceful oasis with room for horses, hobbies, or expansion. Cash or rehab loan only. Come explore the beauty and potentialperfect for creating your dream homestead!

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