1297 NE 3rd StRedmondOR97756
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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 1297 NE 3rd St, Redmond, OR, 97756 earns $237/mo cash flow from $2,651/mo rent with a $1,957/mo payment. Total monthly income totals $2,651/mo, and annual cash flow totals $2,849/yr on $132,567 capital. ROI tracks 22.06% on current figures, and rental yield reads 7.95% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 114.18% and total cumulative return in cash sums $151,364. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,651/mo property income instead of your personal income.
Single Family
Built in 2005
6,098 sqft 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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