597 Highland Meadow LoopRedmondOR97756
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 Redmond at 597 Highland Meadow Loop, Redmond, OR, 97756 priced at $1,080,000 converts $4,181/mo rent into after a $5,286/mo obligation. Total monthly income equals $4,181/mo. Return on cash invested prints 12.35% in year one, and rental yield reads 4.65% against a $1,080,000 entry. Equity gained on principal adds $6,969/yr, while 5% annual appreciation compiles into $298,384 by year five. Five-year ROI reaches 62.01% and total cumulative return in cash sums $216,988. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,181/mo property income covering a $5,286/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.33 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices