1824 NE Hogan DrGreshamOR97030
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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 Gresham at 1824 NE Hogan Dr, Gresham, OR, 97030 offers a 11.33% rental yield on a $208,900 purchase with $1,973/mo rent. Total monthly income registers $1,973/mo, and a $1,022/mo payment leaves $713/mo available for distribution. Annual cash flow reaches $8,550/yr on $69,250 to close, and return on cash invested stands at 32.26% in year one. Equity gained on principal adds $1,348/yr while 5% annual appreciation supports $57,715 over five years. Portfolio math shows five-year ROI at 168.89% and total cumulative return in cash at $116,958. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,973/mo property income against a $1,022/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97030, Gresham, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,767 (100%) |
| Owner Occupied HU | 6,647 (42.2%) |
| Renter Occupied HU | 8,289 (52.6%) |
| Vacant Housing Units | 831 ( 5.3%) |
| Median Home Value | $454,651 |
| Average Home Value | $507,729 |
Housing Distribution
Address Breakdown
Residential
15,955
Single Family
12,318
Multi-Family
3,637
Businesses
1,735
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