2440 Heather Way, Forest Grove, OR, 97116 | 6.63% Rental Yield

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2440 Heather Way, Forest Grove, OR, 97116 | 6.63% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Forest Grove at 2440 Heather Way, Forest Grove, OR, 97116 earns from $3,420/mo rent with a $3,030/mo payment. Total monthly income totals $3,420/mo. ROI tracks 18.19% on current figures, and rental yield reads 6.63% at a $619,000 purchase. Equity gained on principal adds $3,994/yr, and 5% annual appreciation supports $171,018 over five years. Five-year ROI reaches 93.43% and total cumulative return in cash sums $190,273. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,420/mo property income instead of your personal income.

Single Family

Built in 2016

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

One of the only neighborhoods in the area with a community pool! This beautiful 3-bedroom home with a main-floor office offers modern living and stunning views. Built in 2016, it features an open great room with a gas fireplace, quartz countertops, and plenty of natural light. Step out onto the back deck to take in the sweeping views or relax in the private hot tub. The spacious primary suite includes a soaking tub, walk-in shower, and generous closet. With central A/C, a two-car garage, and access to parks, trails, a community room, and the pool, this home has it all. A perfect blend of comfort, convenience, and style in a sought-after neighborhood!

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