185 Red Mountain DrGrants PassOR97526
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.68% gross rental yield, 185 Red Mountain Dr, Grants Pass, OR, 97526 in Grants Pass is priced for capital growth, not immediate cash flow. The $275,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $75,977 by year five, with $2,533/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (1.05) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $81,027.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 6.5% |
| Monthly Cash Flow | $(359) | $420 |
City averages based on Grants Pass market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,301 |
| Total Monthly Debt Service | $1,551 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1973
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97526, Grants Pass, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,301 (63.7%) |
| Renter Occupied HU | 4,965 (30.7%) |
| Vacant Housing Units | 893 ( 5.5%) |
| Median Home Value | $452,498 |
| Average Home Value | $500,393 |
Housing Distribution
Address Breakdown
Residential
15,074
Single Family
14,482
Multi-Family
592
Businesses
1,444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1973
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97526, Grants Pass, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,159 (100%) |
| Owner Occupied HU | 10,301 (63.7%) |
| Renter Occupied HU | 4,965 (30.7%) |
| Vacant Housing Units | 893 ( 5.5%) |
| Median Home Value | $452,498 |
| Average Home Value | $500,393 |
Housing Distribution
Address Breakdown
Residential
15,074
Single Family
14,482
Multi-Family
592
Businesses
1,444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Keller Williams Realty GP Branch
Mls Name: Oregon Datashare
Mls ID: #220207781