2231 3rd StBaker CityOR97814
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 2231 3rd St, Baker City, OR, 97814 in Baker City earns a 8.63% gross yield at $695,000. Rent of $5,000/mo nets $805/mo after the $3,125/mo mortgage. The 1.60 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $192,016 and $6,401/yr in equity accumulation project a total cumulative return of $314,896.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.2% |
| Monthly Cash Flow | $805 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,000 |
| Total Monthly Debt Service | $3,919 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97814, Baker City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,071 (100%) |
| Owner Occupied HU | 3,858 (63.5%) |
| Renter Occupied HU | 1,703 (28.1%) |
| Vacant Housing Units | 510 ( 8.4%) |
| Median Home Value | $330,541 |
| Average Home Value | $398,513 |
Housing Distribution
Address Breakdown
Residential
5,545
Single Family
5,278
Multi-Family
267
Businesses
637
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
Single Family
Built in 2024
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97814, Baker City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,071 (100%) |
| Owner Occupied HU | 3,858 (63.5%) |
| Renter Occupied HU | 1,703 (28.1%) |
| Vacant Housing Units | 510 ( 8.4%) |
| Median Home Value | $330,541 |
| Average Home Value | $398,513 |
Housing Distribution
Address Breakdown
Residential
5,545
Single Family
5,278
Multi-Family
267
Businesses
637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karla Smith • The Grove Team, Ltd.
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24053040
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 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-21 10:04:08 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.