14894 SW 109th AveTigardOR97224
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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 Tigard at 14894 SW 109th Ave, Tigard, OR, 97224 offers a 11.47% rental yield on a $299,900 purchase with $2,867/mo rent. Total monthly income registers $2,867/mo, and a $1,468/mo payment leaves $510/mo available for distribution. Annual cash flow reaches $6,115/yr on $99,417 to close, and return on cash invested stands at 26.06% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 138.03% and total cumulative return in cash at $137,224. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,867/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$547 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97224, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,474 (100%) |
| Owner Occupied HU | 11,629 (66.6%) |
| Renter Occupied HU | 5,149 (29.5%) |
| Vacant Housing Units | 696 ( 4.0%) |
| Median Home Value | $648,654 |
| Average Home Value | $667,976 |
Housing Distribution
Address Breakdown
Residential
16,278
Single Family
13,450
Multi-Family
2,828
Businesses
922
Price History
Date | Event | Price |
|---|---|---|
| 2024-07-09 | Price change | $299,900 |
| 2024-06-20 | Price change | $314,900 |
| 2024-06-06 | Listed for sale | $319,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $2487.71 | 2.96% | $141,330 | 3.00% |
| 2022-10-18 | $2416.30 | 2.57% | $137,220 | N/A |
| 2021-10-18 | $2355.73 | 3.10% | N/A | N/A |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1979
- Architectural Style: N/A
- Building Area: 1,263
- Living Area: 1,263 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Baseboard, Ductless, Mini Split, Fireplace(s)
- Cooling: N/A
- Flooring: Laminate, Wall to Wall Carpet
- Interior Features: Ceiling Fan(s), High Ceilings, Vaulted Ceiling(s), Closet, Nook, Living Room Dining Room Combo, Sink
- Exterior Features: N/A
- Parking Features: Off Street, Garage Door Opener, Condo Garage (Deeded), Detached
Location
HOA & Fees
- HOA Fee: $547 monthly
- Association Fee: $547 monthly
- Fees & Dues: N/A
- Association Amenities: Commons, Insurance, Management, Sewer, Trash, Water
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Concrete
School Information
- Elementary School: Templeton
- Middle School: Twality
- High School: Tigard
Listed by: Carrie Wellhouser • Real Broker
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24372344
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-17 23:59:19 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.