2403 15th AveForest GroveOR97116
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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 Forest Grove at 2403 15th Ave, Forest Grove, OR, 97116 uses $152,159 cash to close to unlock $9,300/yr annual cash flow and $775/mo monthly cash flow. Total monthly income runs $3,546/mo, and a $2,247/mo payment keeps the spread at $775/mo. Purchase price stands at $459,000, and rental yield measures 9.27% with $3,546/mo rent. Return on cash invested shows 26.02% in year one, and 5% annual appreciation builds toward $126,813 over five years. Five-year ROI reaches 135.41% and total cumulative return in cash records $206,039. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,546/mo property income covering a $2,247/mo payment rather than investor’s personal income.
Single Family
Built in 1930
4,356 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97116, Forest Grove, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,874
Single Family
9,511
Multi-Family
1,363
Businesses
621
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $459,000 |
| 2005-11-01 | Sold | $186,500 |
| 1997-12-17 | Sold | $123,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-14 | $3364.04 | 3.65% | $178,070 | 3.00% |
| 2023-03-14 | $3245.43 | 14.36% | $172,890 | 3.00% |
| 2022-03-14 | $2837.82 | 1.31% | $167,860 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1930
- Architectural Style: N/A
- Building Area: 1,553
- Living Area: 1,553 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air
- Cooling: N/A
- Flooring: Wall to Wall Carpet
- Interior Features: N/A
- Exterior Features: Yard
- Parking Features: Driveway, Off Street, Attached
Location
- City: Forest Grove
- State: OR
- Subdivision: N/A
- Lot Size: 4,356 sqft
- Lot Features: Level, Trees, SqFt 3000 to 4999
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Joseph Gale
- Middle School: Tom Mccall
- High School: Forest Grove
Listed by: Jordan Miller • John L. Scott Market Center
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #713856050
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 2025-03-14 12:42:00 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.