This is a good investment property. With a net of $6000 a year the income represents a 5.5% return on investment. Tenant pays water/sewer and trash removal as well as utilities. Across the street from the hospital and easy access to schools, parks, trails and the Aquatic Center. Easy to keep rented. The rental market in Madras is very strong and rents have been increasing.
Off market
Street View
$281,900
523 NE A St, Madras, OR 97741
2beds
2baths
1,384sqft
SingleFamily
Built in 1984
8,712 Square Feet Lot
$281,900 Zestimate®
$204/sqft
$1,602 Estimated rent