48 Eagle Crest Dr APT 3E, Lake Oswego, OR, 97035 | $471/mo Cash Flow

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48 Eagle Crest Dr APT 3E, Lake Oswego, OR, 97035 | $471/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

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

Rental property for sale in Lake Oswego at 48 Eagle Crest Dr APT 3E, Lake Oswego, OR, 97035 offers $2,275/mo rent that, after a $1,463/mo payment, leaves $471/mo cash flow. Total monthly income is $2,275/mo, and annual cash flow is $5,648/yr on $99,119 cash. Return on cash invested measures 25.61% in year one, and rental yield stands at 9.13% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 133.21% and total cumulative return in cash reaches $132,034. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,275/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

48 Eagle Crest #3E sits atop Lake Oswegos Mountain Park with views of mountains, wooded green space and city scape. Inside is a well thought out 1,545 sq ft floor plan that lives large. The island kitchen with eating bar has generous storage and ample counter space that connects to dining, a versatile sunroom, and a living room with wall to wall windows and a private patio. The primary suite can accommodate a king bed plus a desk or sitting area and includes a private bath and walk-in closet. Deeded one-car garage, nearby owner/guest parking, and a separate storage room. Interior finishes present a straightforward path to personalize and add value. This is an ideal location for quick 10 minute access to Portland and is in close proximity to several shopping and dining options. Two associations: Park Place (dues include water, sewer, trash, exterior maintenance, management, master insurance; Building 3 exterior project completed 2025 with new roof, gutters, siding, paint, select windows/doorsbuyer to verify) and Mountain Park (rec center with pools, spa, gym, studios, indoor courts, trail network). In-unit HVAC, water heater, and washer/dryer hookups. No rental cap. Buyer to verify all HOA amenities, services, and dues.

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