1703 Elm StForest 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
Rental property for sale in Forest Grove at 1703 Elm St, Forest Grove, OR, 97116 priced at $708,000 pairs $4,667/mo rent with $394/mo cash flow after a $3,465/mo payment. Total monthly income equals $4,667/mo, and annual cash flow comes to $4,724/yr on $232,932 invested. Return on cash invested is 22.09% in year one, and rental yield stands at 7.91% on a $708,000 basis. Equity gained on principal adds $4,569/yr, and 5% annual appreciation accumulates to $195,607 by year five. Five-year ROI measures 114.28% and total cumulative return in cash reaches $266,203. For financing, Ziffy Mortgage’s DSCR program evaluates $4,667/mo property income against a $3,465/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
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: Dana Smith • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #434981715
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 2025-10-10 05:19:01 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.