1201 SW 28th St UNIT 15RedmondOR97756
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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 Redmond at 1201 SW 28th St UNIT 15, Redmond, OR, 97756 uses $69,615 cash to close to unlock $2,559/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $1,481/mo, and a $1,028/mo payment keeps the spread at $213/mo. Purchase price stands at $210,000, and rental yield measures 8.46% with $1,481/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 122.39% and total cumulative return in cash records $85,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,481/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97756, Redmond, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,453 (100%) |
| Owner Occupied HU | 13,066 (63.9%) |
| Renter Occupied HU | 5,679 (27.8%) |
| Vacant Housing Units | 1,708 ( 8.4%) |
| Median Home Value | $600,230 |
| Average Home Value | $644,605 |
Housing Distribution
Address Breakdown
Residential
19,431
Single Family
18,710
Multi-Family
721
Businesses
1,680
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