2727 28th Ave, Forest Grove, OR, 97116 | $278/mo Cash Flow

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2727 28th Ave, Forest Grove, OR, 97116 | $278/mo Cash Flow | 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 2727 28th Ave, Forest Grove, OR, 97116 uses $152,490 cash to close to unlock $3,334/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $3,054/mo, and a $2,251/mo payment keeps the spread at $278/mo. Purchase price stands at $460,000, and rental yield measures 7.97% with $3,054/mo rent. Return on cash invested shows 22.1% in year one, and 5% annual appreciation builds toward $127,090 over five years. Five-year ROI reaches 114.37% and total cumulative return in cash records $174,397. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,054/mo property income covering a $2,251/mo payment rather than investor’s personal income.

Single Family

Built in 2008

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 4 bedroom, 2.5 bathroom home that combines comfort with classic charm, all in a Prime Forest Grove location. Enjoy peace of mind with a brand-new roof (2025) and efficient HVAC system (2020), so you can settle in and focus on what matters most. Step inside to a thoughtfully designed main level featuring a welcoming entry, cozy living room with a gas fireplace, and a dedicated dining area perfect for gatherings. The open kitchen offers ample counter space and seamlessly connects to the living areas making entertaining a breeze. Sliding doors lead to your own private, fully fenced backyard with low-maintenance turf(2020) ideal for play, pets, or simply relaxing outside. Upstairs, you will find four spacious bedrooms, including a generous primary suite complete with an ensuite bath and a walk-in closet. This home offers flexibility for every lifestyle. Located minutes from Pacific University, parks Historic Downtown Forest Grove, and Oregon's renowned wine county, you'll love the convenience and vibrant community feel. Enjoy an easy commute to high tech and downtown Portland. This is a great opportunity to own a move-in ready home in a welcoming neighborhood. Don't miss your chance, schedule your showing today and make this home your new address!

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