15565 SW 114th Ct UNIT 26, Tigard, OR, 97224 | $453/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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15565 SW 114th Ct UNIT 26, Tigard, OR, 97224 | $453/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 Tigard at 15565 SW 114th Ct UNIT 26, Tigard, OR, 97224 listed at $399,900 pairs $2,867/mo rent with a $1,957/mo payment to leave $453/mo cash flow. Total monthly income runs $2,867/mo, and annual cash flow reaches $5,441/yr on $132,567 cash to close. Return on cash invested measures 24.01% in year one, and rental yield registers 8.6% at a $399,900 basis. Equity gained on principal adds $2,580/yr, and annual property appreciation at 5% supports $110,485 by year five. Five-year ROI tracks 124.66% and total cumulative return in cash totals $165,260. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,867/mo property income relative to a $1,957/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

Tired of dated condos? A little slice of heaven awaits you in this remodeled one level with stunning view of Blue Spruce trees from the deck. Light and bright upper unit with VAULTED ceilings and gas fireplace. Seller lovingly remodeled w/Engineered WOOD floors (not vinyl) and 4-inch baseboards, gutted, white kitchen w/pull outs in pantry, recycling area and stainless appliances, permitted gas line installed for gas stove chefs! Gorgeous Spanish backsplash and QUARTZ countertops in kitchen plus both baths. Lovely primary bath completed in Dec 2024, what every buyer wants off the primary bedroom a walk-in shower, 12 x 24 tiles, sitting area and double sized shampoo shelf. Double closets and built-in shelves in primary too. Thousands spent to make this your forever home. Brand new stacked washer and dryer included! Truly a fun place to live in this 55+ with access to the pool, discount golf, pickleball and fun activities including an art show. Upper unit has approx. 8 steps up. Single car garage with room for all those extras. Secure building entry. The grounds are professionally groomed. Move in and enjoy this peaceful and quiet setting.

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