1509 Centennial Cir SPACE 120Forest GroveOR97116
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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 Forest Grove at 1509 Centennial Cir SPACE 120, Forest Grove, OR, 97116 offers a 9.15% rental yield on a $199,900 purchase with $1,524/mo rent. Total monthly income registers $1,524/mo, and a $978/mo payment leaves $318/mo available for distribution. Annual cash flow reaches $3,813/yr on $66,267 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 133.52% and total cumulative return in cash at $88,477. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,524/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
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
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Listed by: Donald Johnson, P.C. • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls ID: #736379793