3615 SE Grogan AveMilwaukieOR97222
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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 Milwaukie at 3615 SE Grogan Ave, Milwaukie, OR, 97222 offers $4,312/mo rent that, after a $2,613/mo payment, leaves $799/mo cash flow. Total monthly income is $4,312/mo, and annual cash flow is $9,584/yr on $175,620 cash. Return on cash invested measures 25.52% in year one, and rental yield stands at 9.69% at a $533,800 entry. Equity gained on principal adds $3,445/yr while 5% annual appreciation compounds into $147,479 by year five. Five-year ROI records 133.41% and total cumulative return in cash reaches $234,288. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,312/mo property income versus a $2,613/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97222, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,111 (100%) |
| Owner Occupied HU | 8,989 (52.5%) |
| Renter Occupied HU | 7,133 (41.7%) |
| Vacant Housing Units | 989 ( 5.8%) |
| Median Home Value | $536,023 |
| Average Home Value | $602,686 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
13,579
Multi-Family
2,394
Businesses
929
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