1949 SE Palmquist Rd UNIT 42GreshamOR97080
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1949 SE Palmquist Rd UNIT 42, Gresham, OR, 97080 offers a 9.4% rental yield on a $199,999 purchase with $1,567/mo rent. Total monthly income registers $1,567/mo, and a $979/mo payment leaves $360/mo available for distribution. Annual cash flow reaches $4,316/yr on $66,300 to close, and return on cash invested stands at 26.42% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 137.57% and total cumulative return in cash at $91,208. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,567/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97080, Gresham, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,539 (100%) |
| Owner Occupied HU | 11,922 (68.0%) |
| Renter Occupied HU | 4,987 (28.4%) |
| Vacant Housing Units | 630 ( 3.6%) |
| Median Home Value | $549,956 |
| Average Home Value | $572,194 |
Housing Distribution
Address Breakdown
Residential
16,673
Single Family
16,065
Multi-Family
608
Businesses
198
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices