540 E Newport AveHermistonOR97838
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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 Hermiston at 540 E Newport Ave, Hermiston, OR, 97838 generates $2,051/mo in rent and, after a $1,429/mo payment, leaves $289/mo in cash flow. Total monthly income is $2,051/mo, and annual cash flow is $3,464/yr on $96,798 invested. Return on cash invested sits at 23.49% in year one, and rental yield is 8.43% on a $292,000 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation builds toward $80,674 over five years. Five-year ROI reaches 121.85% and total cumulative return in cash sums $117,944. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,051/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97838, Hermiston, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,533 (100%) |
| Owner Occupied HU | 6,429 (61.0%) |
| Renter Occupied HU | 3,658 (34.7%) |
| Vacant Housing Units | 446 ( 4.2%) |
| Median Home Value | $338,610 |
| Average Home Value | $369,001 |
Housing Distribution
Address Breakdown
Residential
10,383
Single Family
10,028
Multi-Family
355
Businesses
1,001
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Listed by: Hannah Payne • Windermere Group One Hermiston
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #338899983
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-10-18 22:09:12 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.