1616 Primrose LnForest 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 1616 Primrose Ln, Forest Grove, OR, 97116 listed at $534,000 pairs $3,017/mo rent with a $2,614/mo payment. Total monthly income runs $3,017/mo. Return on cash invested measures 18.65% in year one, and rental yield registers 6.78% at a $534,000 basis. Equity gained on principal adds $3,446/yr, and annual property appreciation at 5% supports $147,534 by year five. Five-year ROI tracks 95.87% and total cumulative return in cash totals $168,422. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,017/mo property income relative to a $2,614/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
6,969 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-24 | Listed for sale | $534,000 |
| 2017-11-17 | Sold | $366,500 |
| 2017-10-12 | Pending sale | $359,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-28 | $4656.61 | 3.65% | $246,490 | 3.00% |
| 2023-05-28 | $4492.45 | 14.37% | $239,320 | 3.00% |
| 2022-05-28 | $3928.10 | 1.31% | $232,350 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2003
- Architectural Style: Traditional
- Building Area: 1,890
- Living Area: 1,890 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air, Fireplace(s)
- Cooling: N/A
- Flooring: Laminate, Tile, Wall to Wall Carpet
- Interior Features: Ceiling Fan(s), Granite, Closet, Eat Bar, Kitchen Island, Tile
- Exterior Features: Garden, Raised Beds, Yard, Exterior Entry
- Parking Features: Driveway, On Street, Garage Door Opener, Attached
Location
- City: Forest Grove
- State: OR
- Subdivision: N/A
- Lot Size: 6,969 sqft
- Lot Features: Cul-De-Sac, Level, Trees, SqFt 7000 to 9999
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Harvey Clark
- Middle School: Tom Mccall
- High School: Forest Grove
Listed by: Mackenzie Johnston Carey • RE/MAX Equity Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #361807561
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-05-28 12:06:57 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.