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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Forest Grove at 3260 Ridge Pointe Dr, Forest Grove, OR, 97116 priced at $944,900 converts $4,709/mo rent into after a $4,625/mo obligation. Total monthly income equals $4,709/mo. Return on cash invested prints 16.16% in year one, and rental yield reads 5.98% against a $944,900 entry. Equity gained on principal adds $6,097/yr, while 5% annual appreciation compiles into $261,058 by year five. Five-year ROI reaches 82.52% and total cumulative return in cash sums $256,544. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,709/mo property income covering a $4,625/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97116, Forest Grove, OR area.
| 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 |
Residential
10,874
Single Family
9,511
Multi-Family
1,363
Businesses
621
Date | Event | Price |
|---|---|---|
| 2024-10-14 | Price change | $944,900 |
| 2024-10-05 | Price change | $949,900 |
| 2024-09-24 | Price change | $979,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $9349.80 | 14.37% | $498,080 | 3.00% |
| 2022-10-15 | $8175.35 | 1.31% | $483,580 | N/A |
| 2021-10-15 | $8069.53 | 0.54% | N/A | N/A |
Listed by: Krista Beale • Keller Williams Sunset Corridor
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24547811
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-15 07:14:13 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
