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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Forest Grove at 1922 16th Ave, Forest Grove, OR, 97116 listed at $489,995 pairs $2,700/mo rent with a $2,398/mo payment. Total monthly income runs $2,700/mo. Return on cash invested measures 18.01% in year one, and rental yield registers 6.61% at a $489,995 basis. Equity gained on principal adds $3,162/yr, and annual property appreciation at 5% supports $135,377 by year five. Five-year ROI tracks 92.45% and total cumulative return in cash totals $150,167. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,700/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97116, Forest Grove, OR area.
| 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 |
Residential
10,874
Single Family
9,511
Multi-Family
1,363
Businesses
621
Date | Event | Price |
|---|---|---|
| 2024-08-13 | Price change | $489,995 |
| 2024-07-24 | Listed for sale | $499,994 |
| 2021-06-08 | Sold | $400,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $4064.24 | 14.36% | $216,510 | 3.00% |
| 2022-10-15 | $3553.80 | 1.31% | $210,210 | N/A |
| 2021-10-15 | $3507.80 | 0.54% | N/A | N/A |
Listed by: Lorin Karge • Berkshire Hathaway HomeServices NW Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24686889
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 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-15 07:29:27 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.
