22844 SW Forest Creek Dr UNIT 201SherwoodOR97140
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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 Sherwood at 22844 SW Forest Creek Dr UNIT 201, Sherwood, OR, 97140 listed at $379,000 pairs $3,114/mo rent with a $1,855/mo payment to leave $428/mo cash flow. Total monthly income runs $3,114/mo, and annual cash flow reaches $5,140/yr on $125,639 cash to close. Return on cash invested measures 24% in year one, and rental yield registers 9.86% at a $379,000 basis. Equity gained on principal adds $2,446/yr, and annual property appreciation at 5% supports $104,711 by year five. Five-year ROI tracks 125.98% and total cumulative return in cash totals $158,279. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,114/mo property income relative to a $1,855/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2006
N/A lot
$N/A/sqft
$398 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97140, Sherwood, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,765 (100%) |
| Owner Occupied HU | 7,575 (77.6%) |
| Renter Occupied HU | 1,917 (19.6%) |
| Vacant Housing Units | 273 ( 2.8%) |
| Median Home Value | $715,341 |
| Average Home Value | $778,183 |
Housing Distribution
Address Breakdown
Residential
9,543
Single Family
8,920
Multi-Family
623
Businesses
841
Price History
Date | Event | Price |
|---|---|---|
| 2025-09-03 | Listing removed | $2,495 |
| 2025-08-22 | Price change | $2,495 |
| 2025-08-20 | Price change | $2,450 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $3142.17 | 2.45% | $160,050 | 3.00% |
| 2023-10-24 | $3067.09 | 11.77% | $155,390 | 3.00% |
| 2022-10-24 | $2744.16 | 1.32% | $150,870 | N/A |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 2006
- Architectural Style: Traditional
- Building Area: 1,416
- Living Area: 1,416 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air, Fireplace(s)
- Cooling: Central Air
- Flooring: Vinyl, Wall to Wall Carpet
- Interior Features: Ceiling Fan(s), Granite, High Ceilings, Kitchen Island, Pantry, Built-in Features, Great Room, Suite
- Exterior Features: N/A
- Parking Features: Parking Pad, Garage Door Opener, Detached
Location
HOA & Fees
- HOA Fee: $398 monthly
- Association Fee: $398 monthly
- Fees & Dues: N/A
- Association Amenities: Commons, Exterior Maintenance, Maintenance Grounds, Management, Pool, Recreation Facilities, Sewer, Trash, Water
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Middleton
- Middle School: Sherwood
- High School: Sherwood
Listed by: Vicki Bye • Soldera Properties, Inc
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #23489399
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 2025 RMLS, Portland, Oregon. This content last updated on 2025-10-23 22:24:12 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.