5063 S Highway 97 UNIT 28RedmondOR97756
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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 Redmond at 5063 S Highway 97 UNIT 28, Redmond, OR, 97756 listed at $149,995 pairs $2,680/mo rent with a $734/mo payment to leave $1,775/mo cash flow. Total monthly income runs $2,680/mo, and annual cash flow reaches $21,297/yr on $49,723 cash to close. Return on cash invested measures 62.74% in year one, and rental yield registers 21.44% at a $149,995 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,441 by year five. Five-year ROI tracks 332.33% and total cumulative return in cash totals $165,244. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,680/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97756, Redmond, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,453 (100%) |
| Owner Occupied HU | 13,066 (63.9%) |
| Renter Occupied HU | 5,679 (27.8%) |
| Vacant Housing Units | 1,708 ( 8.4%) |
| Median Home Value | $600,230 |
| Average Home Value | $644,605 |
Housing Distribution
Address Breakdown
Residential
19,431
Single Family
18,710
Multi-Family
721
Businesses
1,680
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Listed by: N/A • RE/MAX Key Properties
Mls Name: Oregon Datashare
Mls Provider:
Mls ID: #220180538
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