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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 2121 16th Ave, Forest Grove, OR, 97116 offers a 4.98% rental yield on a $650,000 purchase with $2,700/mo rent. 2% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 66.61% and total cumulative return in cash at $142,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,700/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,098 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 |
|---|---|---|
| 2024-07-23 | Listed for sale | $650,000 |
| 2024-06-18 | Pending sale | $650,000 |
| 2024-06-03 | Listed for sale | $650,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2288.28 | 14.37% | $121,900 | 3.00% |
| 2022-10-15 | $2000.81 | 1.31% | $118,350 | N/A |
| 2021-10-15 | $1975.03 | 0.54% | N/A | N/A |
Listed by: Elizabeth Marshall • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24434916
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 07:39:30 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.
