LOT 2022 Pacific DrHammondOR97121
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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 Hammond at LOT 2022 Pacific Dr, Hammond, OR, 97121 priced at $140,000 converts $1,918/mo rent into $1,073/mo cash flow after a $685/mo obligation. Total monthly income equals $1,918/mo, and annual cash flow totals $12,878/yr on $46,410 invested. Return on cash invested prints 47.66% in year one, and rental yield reads 16.44% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 251.55% and total cumulative return in cash sums $116,746. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,918/mo property income covering a $685/mo payment, not borrower’s personal income.
Lot
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97121, Hammond, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 699 (100%) |
| Owner Occupied HU | 396 (56.7%) |
| Renter Occupied HU | 224 (32.0%) |
| Vacant Housing Units | 79 (11.3%) |
| Median Home Value | $448,387 |
| Average Home Value | $487,367 |
Housing Distribution
Address Breakdown
Residential
543
Single Family
521
Multi-Family
22
Businesses
27
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