7950 NW Grubstake WayRedmondOR97756
Nearby investment properties with comparable rents
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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 7950 NW Grubstake Way, Redmond, OR, 97756 offers $5,644/mo rent that, after a $6,485/mo payment. Total monthly income is $5,644/mo. Return on cash invested measures 13.71% in year one, and rental yield stands at 5.11% at a $1,325,000 entry. Equity gained on principal adds $8,550/yr while 5% annual appreciation compounds into $366,073 by year five. Five-year ROI records 69.3% and total cumulative return in cash reaches $297,520. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,644/mo property income versus a $6,485/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
2.54 Acres lot
$N/A/sqft
$365 yearly 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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Listed by: Christine Hansen • Far West Realty Company
Mls Name: OCMLS
Mls Provider:
Mls ID: #24-1049
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Non-members should contact the listing broker directly for compensation information.