437 SE Spruce AveGreshamOR97080
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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 437 SE Spruce Ave, Gresham, OR, 97080 priced at $408,900 converts $3,420/mo rent into $952/mo cash flow after a $2,001/mo obligation. Total monthly income equals $3,420/mo, and annual cash flow totals $11,426/yr on $135,550 invested. Return on cash invested prints 28.34% in year one, and rental yield reads 10.04% against a $408,900 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation compiles into $112,972 by year five. Five-year ROI reaches 147.88% and total cumulative return in cash sums $200,450. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,420/mo property income covering a $2,001/mo payment, not borrower’s personal income.
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No 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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Listed by: Matthew Gillgam • The Broker Network, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24492545
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 2024-10-17 04:22:32 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.