3002 17th Ave, Forest Grove, OR, 97116 | $1,005/mo Cash Flow

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3002 17th Ave, Forest Grove, OR, 97116 | $1,005/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 3002 17th Ave, Forest Grove, OR, 97116 listed at $485,000 pairs $3,933/mo rent with a $2,374/mo payment to leave $1,005/mo cash flow. Total monthly income runs $3,933/mo, and annual cash flow reaches $12,063/yr on $160,778 cash to close. Return on cash invested measures 27.41% in year one, and rental yield registers 9.73% at a $485,000 basis. Equity gained on principal adds $3,130/yr, and annual property appreciation at 5% supports $133,997 by year five. Five-year ROI tracks 142.89% and total cumulative return in cash totals $229,742. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,933/mo property income relative to a $2,374/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1961

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Rare one level home 3 BD 2 BA, with a large corner lot with RV parking Well maintained by town, school and park. Home features kitchen with eating area, pantry and slider to covered patio, living room with fireplace and hardwood floors, on dead end street, fenced, 2 RV parking spaces, 2 driveways, oversized 2 car garage with shop area. View of park. Blueberries, Raspberries Raised beds and Tool shed. Covered patio perfect for all your summer entertaining.

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