561 E Ridgeway 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
Investment property for sale in Hermiston at 561 E Ridgeway Ave, Hermiston, OR, 97838 earns $464/mo cash flow from $2,495/mo rent with a $1,647/mo payment. Total monthly income totals $2,495/mo, and annual cash flow totals $5,566/yr on $111,550 capital. ROI tracks 24.9% on current figures, and rental yield reads 8.9% at a $336,500 purchase. Equity gained on principal adds $2,171/yr, and 5% annual appreciation supports $92,969 over five years. Five-year ROI reaches 129.39% and total cumulative return in cash sums $144,335. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,495/mo property income instead of your personal income.
Single Family
Built in 1944
6,534 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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