243 CervantesLake OswegoOR97035
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
Investment Highlights
Investment property for sale in Lake Oswego at 243 Cervantes, Lake Oswego, OR, 97035 offers a 9% rental yield on a $387,500 purchase with $2,905/mo rent. Total monthly income registers $2,905/mo, and a $1,897/mo payment leaves $296/mo available for distribution. Annual cash flow reaches $3,554/yr on $128,456 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $2,500/yr while 5% annual appreciation supports $107,059 over five years. Portfolio math shows five-year ROI at 118.43% and total cumulative return in cash at $152,127. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,905/mo property income against a $1,897/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
N/A lot
$N/A/sqft
$200 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-07-17 | Sold | $387,500 |
| 2025-06-19 | Pending sale | $389,000 |
| 2025-06-06 | Listed for sale | $389,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $4593.80 | 2.77% | $205,000 | 3.00% |
| 2023-10-17 | $4469.94 | 3.32% | $199,030 | 3.00% |
| 2022-10-17 | $4326.16 | 6.36% | $193,240 | 3.00% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: Townhouse
- Year Built: 1980
- Architectural Style: NW Contemporary
- Building Area: 1,292
- Living Area: 1,292 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air
- Cooling: N/A
- Flooring: Vinyl
- Interior Features: High Ceilings
- Exterior Features: N/A
- Parking Features: Driveway, On Street, Garage Door Opener, Condo Garage (Other), Attached, Oversized, Tuck Under
Location
- City: Lake Oswego
- State: OR
- Subdivision: N/A
- Lot Size: N/A
- Lot Features: Hilly, Trees, Wooded
- View: Territorial, Trees/Woods
HOA & Fees
- HOA Fee: $200 monthly
- Association Fee: $150 monthly
- Fees & Dues: N/A
- Association Amenities: Basketball Court, Commons, Exterior Maintenance, Gym, Lap Pool, Maintenance Grounds, Management, Party Room, Pool, Recreation Facilities, Spa Hot Tub, Weight Room
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Markham
- Middle School: Jackson
- High School: Ida B Wells
Listed by: Chaley McVay • Redfin
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #101604309
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 2025-10-17 04:24:02 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.