2719 Alder Ridge DrNorth BendOR97459
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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 North Bend at 2719 Alder Ridge Dr, North Bend, OR, 97459 earns from $3,180/mo rent with a $4,694/mo payment. Total monthly income totals $3,180/mo. ROI tracks 10.14% on current figures, and rental yield reads 3.98% at a $959,000 purchase. Equity gained on principal adds $6,188/yr, and 5% annual appreciation supports $264,954 over five years. Five-year ROI reaches 50.21% and total cumulative return in cash sums $158,431. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,180/mo property income instead of your personal income.
Single Family
Built in 1997
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97459, North Bend, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 4,148 (59.1%) |
| Renter Occupied HU | 2,113 (30.1%) |
| Vacant Housing Units | 763 (10.9%) |
| Median Home Value | $383,808 |
| Average Home Value | $449,228 |
Housing Distribution
Address Breakdown
Residential
6,254
Single Family
5,877
Multi-Family
377
Businesses
585
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Listed by: Justin Hess • MORE Realty
Mls Name: RMLS (OR)
Mls ID: #433966724