1615 Pacific Ridge RdHammondOR97121
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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
Rental property for sale in Hammond at 1615 Pacific Ridge Rd, Hammond, OR, 97121 generates $3,190/mo in rent, after a $2,638/mo payment. Total monthly income is $3,190/mo. Return on cash invested sits at 19.63% in year one, and rental yield is 7.1% on a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 101.13% and total cumulative return in cash sums $179,328. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,190/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97121, Hammond, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 699 (100%) |
| Owner Occupied HU | 396 (56.7%) |
| Renter Occupied HU | 224 (32.0%) |
| Vacant Housing Units | 79 (11.3%) |
| Median Home Value | $448,387 |
| Average Home Value | $487,367 |
Housing Distribution
Address Breakdown
Residential
543
Single Family
521
Multi-Family
22
Businesses
27
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