2940 Montello CtHood 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
Investment property for sale in Hood River at 2940 Montello Ct, Hood River, OR, 97031 offers a 5% rental yield on a $850,000 purchase with $3,540/mo rent. 24% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 66.82% and total cumulative return in cash at $186,862. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,540/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
6,098 sqft 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: Ginger Budrius-Swanson • Windermere CRG
Mls Name: RMLS (OR)
Mls ID: #366781123