240 Gilbert Ave #A & BGlendaleOR97442
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play240 Gilbert Ave #A & B, Glendale, OR, 97442 in Glendale is priced for appreciation, not yield. Rental yield 5.19%. At $305,000 with a 5.19% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $84,266 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.96) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $81,962.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 6.2% |
| Monthly Cash Flow | $(521) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,320 |
| Total Monthly Debt Service | $1,720 |
| DSCR Ratio | 0.77x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1996
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
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
Multi Family
Built in 1996
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices