2980 NE Division #16-17-13GreshamOR97030
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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 Gresham at 2980 NE Division #16-17-13, Gresham, OR, 97030 generates $1,011/mo in rent and, after a $634/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,011/mo, and annual cash flow is $2,750/yr on $42,929 invested. Return on cash invested sits at 26.31% in year one, and rental yield is 9.37% on a $129,500 entry. Equity gained on principal adds $836/yr, while 5% annual appreciation builds toward $35,778 over five years. Five-year ROI reaches 137.09% and total cumulative return in cash sums $58,850. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,011/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97030, Gresham, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,767 (100%) |
| Owner Occupied HU | 6,647 (42.2%) |
| Renter Occupied HU | 8,289 (52.6%) |
| Vacant Housing Units | 831 ( 5.3%) |
| Median Home Value | $454,651 |
| Average Home Value | $507,729 |
Housing Distribution
Address Breakdown
Residential
15,955
Single Family
12,318
Multi-Family
3,637
Businesses
1,735
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