2220 SE 16th StGreshamOR97080
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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 Gresham at 2220 SE 16th St, Gresham, OR, 97080 generates $3,271/mo in rent and, after a $1,824/mo payment, leaves $868/mo in cash flow. Total monthly income is $3,271/mo, and annual cash flow is $10,421/yr on $123,517 invested. Return on cash invested sits at 28.35% in year one, and rental yield is 10.53% on a $372,600 entry. Equity gained on principal adds $2,404/yr, while 5% annual appreciation builds toward $102,943 over five years. Five-year ROI reaches 148.44% and total cumulative return in cash sums $183,353. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,271/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
2,250 sqft lot
$N/A/sqft
$83 monthly 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
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