604 NE Shoshone DrRedmondOR97756
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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 604 NE Shoshone Dr, Redmond, OR, 97756 listed at $429,900 pairs $2,945/mo rent with a $2,104/mo payment to leave $350/mo cash flow. Total monthly income runs $2,945/mo, and annual cash flow reaches $4,202/yr on $142,512 cash to close. Return on cash invested measures 22.86% in year one, and rental yield registers 8.22% at a $429,900 basis. Equity gained on principal adds $2,774/yr, and annual property appreciation at 5% supports $118,773 by year five. Five-year ROI tracks 118.47% and total cumulative return in cash totals $168,835. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,945/mo property income relative to a $2,104/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2000
0.28 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
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