514 E 2nd AveRiddleOR97469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Riddle at 514 E 2nd Ave, Riddle, OR, 97469 generates $1,620/mo in rent, after a $1,512/mo payment. Total monthly income is $1,620/mo. Return on cash invested sits at 17.04% in year one, and rental yield is 6.29% on a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 87.29% and total cumulative return in cash sums $89,417. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,620/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97469, Riddle, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,159 (100%) |
| Owner Occupied HU | 807 (69.6%) |
| Renter Occupied HU | 276 (23.8%) |
| Vacant Housing Units | 76 ( 6.6%) |
| Median Home Value | $285,417 |
| Average Home Value | $322,367 |
Housing Distribution
Address Breakdown
Residential
468
Single Family
468
Multi-Family
0
Businesses
73
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices