The Edgewood Plan, Columbia RidgeHermistonOR97838
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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 The Edgewood Plan, Columbia Ridge, Hermiston, OR, 97838 offers $2,598/mo rent that, after a $1,566/mo payment, leaves $667/mo cash flow. Total monthly income is $2,598/mo, and annual cash flow is $8,000/yr on $106,077 cash. Return on cash invested measures 27.45% in year one, and rental yield stands at 9.74% at a $319,990 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,407 by year five. Five-year ROI records 143.08% and total cumulative return in cash reaches $151,776. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,598/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
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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