1506 Pioneer Cir SPACE 120Forest GroveOR97116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Forest Grove at 1506 Pioneer Cir SPACE 120, Forest Grove, OR, 97116 generates $1,116/mo in rent and, after a $719/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,116/mo, and annual cash flow is $2,750/yr on $48,731 invested. Return on cash invested sits at 25.55% in year one, and rental yield is 9.11% on a $147,000 entry. Equity gained on principal adds $949/yr, while 5% annual appreciation builds toward $40,613 over five years. Five-year ROI reaches 132.98% and total cumulative return in cash sums $64,800. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,116/mo property income rather than buyer’s personal income.
Manufactured
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97116, Forest Grove, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,985 (100%) |
| Owner Occupied HU | 6,780 (61.7%) |
| Renter Occupied HU | 3,790 (34.5%) |
| Vacant Housing Units | 415 ( 3.8%) |
| Median Home Value | $608,165 |
| Average Home Value | $636,875 |
Housing Distribution
Address Breakdown
Residential
10,874
Single Family
9,511
Multi-Family
1,363
Businesses
621
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lorrie Willner • Willner Properties LLC
Mls Name: RMLS (OR)
Mls ID: #320050829