47 Eagle Crest Dr UNIT 13, Lake Oswego, OR, 97035 | $711/mo Cash Flow

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47 Eagle Crest Dr UNIT 13, Lake Oswego, OR, 97035 | $711/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 Lake Oswego at 47 Eagle Crest Dr UNIT 13, Lake Oswego, OR, 97035 earns $711/mo cash flow from $2,275/mo rent with a $1,268/mo payment. Total monthly income totals $2,275/mo, and annual cash flow totals $8,536/yr on $85,859 capital. ROI tracks 29.85% on current figures, and rental yield reads 10.54% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 156% and total cumulative return in cash sums $133,936. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,275/mo property income instead of your personal income.

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

EASY COMMUTE! Surrounded in nature, in the heart of the Mountain Park Neighborhood! Stop paying rent. Start building equity! You will enjoy effortless living in this beautifully updated, dog friendly condo that includes an in-unit washer & dryer, kitchen appliances, portable A/C unit, and window coverings. A light filled living room flows into the dining area with a window-style opening to the kitchen. A deeded parking space is conveniently located near the unit, with additional off street visitor parking nearby. Residents love the outdoor seasonal pool, community garden spaces, miles of walking trails thru wooded areas, and access to paid RV storage, as well as all of Mountain Parks HOA facilities, including a year-round indoor pool, fitness center, pickleball/tennis courts, and fitness classes. Here, you will be centrally located to all the Portland Metro area with easy access to I-5 & 217, be walking distance to New Seasons & Starbucks, a short drive to OHSU, PCC, Lewis & Clark, and Tryon Creek State Park. And, just minutes from vibrant Downtown Lake Oswego, offering Salt & Straw, a seasonal farmers market, movies, shopping, concerts, and a variety of food/drink options. Building siding, windows, handrails in the stairwells, and sump pumps in the crawl space were updated in 2020. First floor end unit, parking level, provides serenity and unique quietness. If youre looking for nature, comfort, convenience, and a place to call home, you have found it with this condo! The smart 'August' brand electronic door lock is included.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97035, Lake Oswego, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,111 (100%)
Owner Occupied HU	7,509 (62.0%)
Renter Occupied HU	3,854 (31.8%)
Vacant Housing Units	748 ( 6.2%)
Median Home Value	$849,759
Average Home Value	$912,658