518 NE 40th AveHillsboroOR97124
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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 Hillsboro at 518 NE 40th Ave, Hillsboro, OR, 97124 offers a 7.1% rental yield on a $500,000 purchase with $2,960/mo rent. 49% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 100.42% and total cumulative return in cash at $166,448. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,960/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
7,840 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97124, Hillsboro, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,911 (100%) |
| Owner Occupied HU | 10,578 (46.2%) |
| Renter Occupied HU | 11,396 (49.7%) |
| Vacant Housing Units | 937 ( 4.1%) |
| Median Home Value | $617,581 |
| Average Home Value | $657,267 |
Housing Distribution
Address Breakdown
Residential
21,791
Single Family
15,091
Multi-Family
6,700
Businesses
1,491
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-21 | Sold | $500,000 |
| 2025-07-21 | Pending sale | $499,900 |
| 2025-07-19 | Listed for sale | $499,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $4217.38 | 2.93% | $250,500 | 3.00% |
| 2023-10-22 | $4097.49 | 2.79% | $243,210 | 3.00% |
| 2022-10-22 | $3986.41 | 2.05% | $236,130 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1980
- Architectural Style: Ranch
- Building Area: 1,358
- Living Area: 1,358 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air, Fireplace(s)
- Cooling: Central Air
- Flooring: Vinyl
- Interior Features: Granite, Solar Tube(s), Pantry, Bathroom, Closet, Tile
- Exterior Features: Garden, Raised Beds, Yard
- Parking Features: Driveway, On Street, Garage Door Opener, Attached
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public, Well
- Road Surface Type: Paved
School Information
- Elementary School: Eastwood
- Middle School: Poynter
- High School: Liberty
Listed by: Mary Johnson • Envision Northwest Homes
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #550479190
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 2025 RMLS, Portland, Oregon. This content last updated on 2025-10-22 03:14:14 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.