746 NW Varnish AveRedmondOR97756
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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 Redmond at 746 NW Varnish Ave, Redmond, OR, 97756 offers $2,994/mo rent that, after a $2,193/mo payment, leaves $290/mo cash flow. Total monthly income is $2,994/mo, and annual cash flow is $3,474/yr on $148,509 cash. Return on cash invested measures 22.25% in year one, and rental yield stands at 8.02% at a $447,990 entry. Equity gained on principal adds $2,891/yr while 5% annual appreciation compounds into $123,771 by year five. Five-year ROI records 115.2% and total cumulative return in cash reaches $171,083. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,994/mo property income versus a $2,193/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A 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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