24790 E Hofeldt DrRhododendronOR97049
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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 Rhododendron at 24790 E Hofeldt Dr, Rhododendron, OR, 97049 offers a 7.51% rental yield on a $494,900 purchase with $3,097/mo rent. Total monthly income registers $3,097/mo, and a $2,422/mo payment leaves $110/mo available for distribution. Annual cash flow reaches $1,320/yr on $164,059 to close, and return on cash invested stands at 20.71% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,732 over five years. Portfolio math shows five-year ROI at 106.95% and total cumulative return in cash at $175,455. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,097/mo property income against a $2,422/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97049, Rhododendron, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,478 (100%) |
| Owner Occupied HU | 687 (46.5%) |
| Renter Occupied HU | 122 ( 8.3%) |
| Vacant Housing Units | 669 (45.3%) |
| Median Home Value | $580,529 |
| Average Home Value | $604,738 |
Housing Distribution
Address Breakdown
Residential
722
Single Family
717
Multi-Family
5
Businesses
18
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Listed by: Victoria Wriglesworth • Harcourts Real Estate Network Group
Mls Name: RMLS (OR)
Mls ID: #519858776