570 N 10th Ave UNIT 58, Cornelius, OR, 97113 | $856/mo Cash Flow

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570 N 10th Ave UNIT 58, Cornelius, OR, 97113 | $856/mo Cash Flow | Ziffy

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NMLS #2625701

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570 N 10th Ave #8DJRZ1, Cornelius, OR, 97113

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 Cornelius at 570 N 10th Ave UNIT 58, Cornelius, OR, 97113 offers a 15.8% rental yield on a $119,999 purchase with $1,580/mo rent. Total monthly income registers $1,580/mo, and a $587/mo payment leaves $856/mo available for distribution. Annual cash flow reaches $10,272/yr on $39,780 to close, and return on cash invested stands at 45.73% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,154 over five years. Portfolio math shows five-year ROI at 241.11% and total cumulative return in cash at $95,911. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,580/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2023

N/A lot

$N/A/sqft

No HOA

More details about the property

PRICE REDUCED ON THIS BRAND NEW MOVE-IN READY HOME! This beautiful 2023 Skyline has 1 bedroom, 1 bathroom and is 624sq.ft. The home features plank flooring throughout the home except the bedroom, nice dark wood cabinets with crown molding throughout and stainless steel appliances. The ceilings are vaulted for an open feel. The living room has a ceiling fan and nice front door with an oval window to bring in more light. The bedroom is spacious and the bathroom features a walk-in shower. The best is the large covered deck on the entire front of the home. This makes a great place to sit and relax and enjoy the outdoors. Home also features a heat pump.Experience the lifestyle at Forest Hills in Cornelius, OR. Nestled in a small suburb west of Portland, Forest Hills provides the perfect combination of amenities available in the city while living in the country. This is a 55 or older community with a club house and is close to shopping, restaurants, public transportation and is near the Forest Hills Golf Course.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97113, Cornelius, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,348 (100%)
Owner Occupied HU	4,145 (77.5%)
Renter Occupied HU	1,095 (20.5%)
Vacant Housing Units	108 ( 2.0%)
Median Home Value	$553,137
Average Home Value	$629,304