2300 Elder RdHood RiverOR97031
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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 Hood River at 2300 Elder Rd, Hood River, OR, 97031 generates $2,760/mo in rent, after a $5,237/mo payment. Total monthly income is $2,760/mo. Return on cash invested sits at 7.57% in year one, and rental yield is 3.1% on a $1,070,000 entry. Equity gained on principal adds $6,905/yr, while 5% annual appreciation builds toward $295,621 over five years. Five-year ROI reaches 36.36% and total cumulative return in cash sums $126,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,760/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97031, Hood River, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,372 (100%) |
| Owner Occupied HU | 5,018 (59.9%) |
| Renter Occupied HU | 2,519 (30.1%) |
| Vacant Housing Units | 835 ( 10.0%) |
| Median Home Value | $694,266 |
| Average Home Value | $736,737 |
Housing Distribution
Address Breakdown
Residential
7,848
Single Family
7,434
Multi-Family
414
Businesses
1,157
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Listed by: Kristen Kendall • Don Nunamaker
Mls Name: RMLS (OR)
Mls ID: #333238137