825 W Ridgeway 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 825 W Ridgeway Ave, Hermiston, OR, 97838 priced at $469,900 pairs $2,516/mo rent with after a $2,300/mo payment. Total monthly income equals $2,516/mo. Return on cash invested is 17.44% in year one, and rental yield stands at 6.43% on a $469,900 basis. Equity gained on principal adds $3,032/yr, and 5% annual appreciation accumulates to $129,825 by year five. Five-year ROI measures 89.41% and total cumulative return in cash reaches $139,274. For financing, Ziffy Mortgage’s DSCR program evaluates $2,516/mo property income against a $2,300/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1961
0.41 Acres 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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