688 E Oregon 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 688 E Oregon Ave, Hermiston, OR, 97838 priced at $259,500 converts $1,914/mo rent into $348/mo cash flow after a $1,270/mo obligation. Total monthly income equals $1,914/mo, and annual cash flow totals $4,173/yr on $86,024 invested. Return on cash invested prints 24.76% in year one, and rental yield reads 8.85% against a $259,500 entry. Equity gained on principal adds $1,675/yr, while 5% annual appreciation compiles into $71,695 by year five. Five-year ROI reaches 128.65% and total cumulative return in cash sums $110,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,914/mo property income covering a $1,270/mo payment, not borrower’s personal income.
Townhouse
Built in 2022
2,178 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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