845 E Diagonal Rd #162HermistonOR97838
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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 Hermiston at 845 E Diagonal Rd #162, Hermiston, OR, 97838 uses $53,040 cash to close to unlock $3,820/yr annual cash flow and $318/mo monthly cash flow. Total monthly income runs $1,284/mo, and a $783/mo payment keeps the spread at $318/mo. Purchase price stands at $160,000, and rental yield measures 9.63% with $1,284/mo rent. Return on cash invested shows 27.11% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 141.32% and total cumulative return in cash records $74,954. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,284/mo property income covering a $783/mo payment rather than investor’s personal income.
Manufactured
Built in 2021
N/A 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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