238 Gilbert AveGlendaleOR97442
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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 Glendale at 238 Gilbert Ave, Glendale, OR, 97442 generates $2,420/mo in rent and, after a $1,733/mo payment, leaves $283/mo in cash flow. Total monthly income is $2,420/mo, and annual cash flow is $3,394/yr on $117,351 invested. Return on cash invested sits at 22.8% in year one, and rental yield is 8.2% on a $354,000 entry. Equity gained on principal adds $2,284/yr, while 5% annual appreciation builds toward $97,804 over five years. Five-year ROI reaches 118.15% and total cumulative return in cash sums $138,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,420/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97442, Glendale, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,036 (100%) |
| Owner Occupied HU | 662 (63.9%) |
| Renter Occupied HU | 268 (25.9%) |
| Vacant Housing Units | 106 (10.2%) |
| Median Home Value | $376,596 |
| Average Home Value | $555,457 |
Housing Distribution
Address Breakdown
Residential
460
Single Family
456
Multi-Family
4
Businesses
55
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