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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Hermiston at 1515 SW Meadow View Dr, Hermiston, OR, 97838 at $350,000 posts ROI 24.39% with $433/mo cash flow from $2,558/mo rent. Total monthly income equals $2,558/mo, and annual cash flow records $5,202/yr on $116,025 to close. Return on cash invested measures 24.39% and rental yield reads 8.77% at the current $350,000. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 by year five. Five-year ROI prints 126.74% and total cumulative return in cash totals $147,050.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,558/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2011
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97838, Hermiston, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,533 (100%) |
| Owner Occupied HU | 6,429 (61.0%) |
| Renter Occupied HU | 3,658 (34.7%) |
| Vacant Housing Units | 446 ( 4.2%) |
| Median Home Value | $338,610 |
| Average Home Value | $369,001 |
Residential
10,383
Single Family
10,028
Multi-Family
355
Businesses
1,001
Date | Event | Price |
|---|---|---|
| 2025-06-18 | Sold | $350,000 |
| 2025-05-08 | Pending sale | $355,000 |
| 2025-05-04 | Listed for sale | $355,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-13 | $3537.20 | 2.41% | $193,480 | 3.00% |
| 2021-10-13 | $3453.91 | 3.56% | $187,850 | 3.00% |
| 2020-10-13 | $3335.24 | 2.73% | $182,380 | 3.00% |
Listed by: Sierra Webb • MORE Realty
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #465286622
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-10-12 23:20:33 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
