2940 Watercrest Rd, Forest Grove, OR, 97116 | $314/mo Cash Flow

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2940 Watercrest Rd, Forest Grove, OR, 97116 | $314/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 2940 Watercrest Rd, Forest Grove, OR, 97116 listed at $625,000 pairs $4,087/mo rent with a $3,059/mo payment to leave $314/mo cash flow. Total monthly income runs $4,087/mo, and annual cash flow reaches $3,774/yr on $205,625 cash to close. Return on cash invested measures 21.9% in year one, and rental yield registers 7.85% at a $625,000 basis. Equity gained on principal adds $4,033/yr, and annual property appreciation at 5% supports $172,676 by year five. Five-year ROI tracks 113.26% and total cumulative return in cash totals $232,897. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,087/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1973

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Classic Mid-Century Vibes in this Modern home with sweeping Coastal Range views! Step inside and youll find the main living spaces upstairs, designed to capture natural light and frame unobstructed views from every window. The living room, dining area, and kitchen flow seamlessly together, opening onto a deck that offers dramatic seasonal views glorious sunsets, clouds and mist drifting over the hills, and blankets of snow against a backdrop of forest and farmland. Perfect for everyday living or hosting a full dinner party. Upstairs, the den is your blank canvas: create an office, a cozy reading nook, or a craft room the choice is yours. Downstairs, the bonus room offers flexible living space with a brick fireplace, perfect for a cozy lounge or the ultimate game-day hangout. Two additional bedrooms and a fully remodeled bathroom make it ideal for family, guests, or a private retreat. The laundry/utility room adds function with generous storage, direct backyard access, and a separate workshop space. Out back, your private 1/3-acre yard is lush, peaceful, and alive with wildlife a natural landscape that blends the regions beauty with todays lifestyle. The location feels like you are not in town, yet the well-kept neighborhood is welcoming, with a park with walking paths that sits directly behind the house. This home blends modern updates with original character to create a truly one-of-a-kind retreat.

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