3620 Homestead DrHood 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 3620 Homestead Dr, Hood River, OR, 97031 generates $3,360/mo in rent and, after a $2,296/mo payment, leaves $529/mo in cash flow. Total monthly income is $3,360/mo, and annual cash flow is $6,343/yr on $155,474 invested. Return on cash invested sits at 23.99% in year one, and rental yield is 8.6% on a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 124.52% and total cumulative return in cash sums $193,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
7,405 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: Annabel Avelar • CZ Realty, PC
Mls Name: RMLS (OR)
Mls ID: #119042813