2114 NW Canyon Dr #ORRedmondOR97756
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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 2114 NW Canyon Dr #OR, Redmond, OR, 97756 offers a 7.41% rental yield on a $484,900 purchase with $2,994/mo rent. Total monthly income registers $2,994/mo, and a $2,373/mo payment leaves $67/mo available for distribution. Annual cash flow reaches $809/yr on $160,744 to close, and return on cash invested stands at 20.41% in year one. Equity gained on principal adds $3,129/yr while 5% annual appreciation supports $133,969 over five years. Portfolio math shows five-year ROI at 105.35% and total cumulative return in cash at $169,351. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,994/mo property income against a $2,373/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
10,018 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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