3311 SE 1st StGreshamOR97080
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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
Investment property for sale in Gresham at 3311 SE 1st St, Gresham, OR, 97080 listed at $313,100 pairs $3,184/mo rent with a $1,532/mo payment to leave $1,130/mo cash flow. Total monthly income runs $3,184/mo, and annual cash flow reaches $13,558/yr on $103,793 cash to close. Return on cash invested measures 32.97% in year one, and rental yield registers 12.2% at a $313,100 basis. Equity gained on principal adds $2,020/yr, and annual property appreciation at 5% supports $86,504 by year five. Five-year ROI tracks 173.37% and total cumulative return in cash totals $179,949. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,184/mo property income relative to a $1,532/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1972
0.31 Acres lot
$N/A/sqft
$160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97080, Gresham, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,539 (100%) |
| Owner Occupied HU | 11,922 (68.0%) |
| Renter Occupied HU | 4,987 (28.4%) |
| Vacant Housing Units | 630 ( 3.6%) |
| Median Home Value | $549,956 |
| Average Home Value | $572,194 |
Housing Distribution
Address Breakdown
Residential
16,673
Single Family
16,065
Multi-Family
608
Businesses
198
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