1535 Maple St, Forest Grove, OR, 97116 | $111/mo Cash Flow

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1535 Maple St, Forest Grove, OR, 97116 | $111/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Forest Grove at 1535 Maple St, Forest Grove, OR, 97116 offers a 7.54% rental yield on a $450,000 purchase with $2,828/mo rent. Total monthly income registers $2,828/mo, and a $2,203/mo payment leaves $111/mo available for distribution. Annual cash flow reaches $1,335/yr on $149,175 to close, and return on cash invested stands at 20.8% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 107.45% and total cumulative return in cash at $160,290. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,828/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1946

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this move in ready 3 bedroom plus office home. Spacious living room with hardwood floors and large open kitchen both provide dining/eat areas. Primary on main with laminate flooring plus office (no closet). Upstairs are 2 additional bedrooms and 1/2 bathroom. Converted oversized 1 car garage provides the perfect finished family room off the kitchen and has access to fenced back yard with covered patio AND additional patio, fruit trees (apple & pear) and dog run. Extra deep driveway has RV parking and hook up. New 95% efficient gas furnace and AC in 2022. Newer free standing gas range, all stainless appliances are included.

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