1505 NE Village StFairviewOR97024
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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 Fairview at 1505 NE Village St, Fairview, OR, 97024 priced at $725,000 converts $4,212/mo rent into after a $3,549/mo obligation. Total monthly income equals $4,212/mo. Return on cash invested prints 19.23% in year one, and rental yield reads 6.97% against a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation compiles into $200,304 by year five. Five-year ROI reaches 98.98% and total cumulative return in cash sums $236,093. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,212/mo property income covering a $3,549/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97024, Fairview, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,785 (100%) |
| Owner Occupied HU | 2,484 (51.9%) |
| Renter Occupied HU | 2,091 (43.7%) |
| Vacant Housing Units | 210 ( 4.4%) |
| Median Home Value | $456,124 |
| Average Home Value | $448,692 |
Housing Distribution
Address Breakdown
Residential
4,548
Single Family
3,972
Multi-Family
576
Businesses
432
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