241 CervantesLake OswegoOR97035
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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 Lake Oswego at 241 Cervantes, Lake Oswego, OR, 97035 priced at $399,000 pairs $2,640/mo rent with $231/mo cash flow after a $1,953/mo payment. Total monthly income equals $2,640/mo, and annual cash flow comes to $2,778/yr on $132,269 invested. Return on cash invested is 22.01% in year one, and rental yield stands at 7.94% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 113.91% and total cumulative return in cash reaches $150,662. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97035, Lake Oswego, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,111 (100%) |
| Owner Occupied HU | 7,509 (62.0%) |
| Renter Occupied HU | 3,854 (31.8%) |
| Vacant Housing Units | 748 ( 6.2%) |
| Median Home Value | $849,759 |
| Average Home Value | $912,658 |
Housing Distribution
Address Breakdown
Residential
11,496
Single Family
9,114
Multi-Family
2,382
Businesses
1,451
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Listed by: Alexander Ney • Urban Nest Realty
Mls Name: RMLS (OR)
Mls ID: #744095091