589 Ridgeway Rd, Lake Oswego, OR, 97034 | 3.37% Rental Yield

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Price: $300K - 500K

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589 Ridgeway Rd, Lake Oswego, OR, 97034 | 3.37% Rental Yield | Ziffy

For Sale

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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 589 Ridgeway Rd, Lake Oswego, OR, 97034 priced at $1,394,000 pairs $3,920/mo rent with after a $6,823/mo payment. Total monthly income equals $3,920/mo. Return on cash invested is 8.43% in year one, and rental yield stands at 3.37% on a $1,394,000 basis. Equity gained on principal adds $8,995/yr, and 5% annual appreciation accumulates to $385,137 by year five. Five-year ROI measures 40.97% and total cumulative return in cash reaches $185,060. For financing, Ziffy Mortgage’s DSCR program evaluates $3,920/mo property income against a $6,823/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1955

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to a serene oasis offering a tranquil and private park-like setting, crafted by the renowned architect John Yeon in 1955. This iconic mid-century home epitomizes Yeon's exceptional ability to blend architecture with nature. The residence features Yeon's ingenious design elements, such as a unique louvered window ventilation system beneath expansive vertical windows, seamlessly integrating the natural beauty of the outdoors with indoor living. Modern updates include a new roof and gutters, complemented by a newer furnace, lighting, plumbing fixtures, and newly refinished hardwood floors, ensuring contemporary comfort while preserving the home's original charm. The property also boasts a detached 336 square foot oversized single-car garage, ideal for those who value ample storage or require a dedicated workshop space. Additionally, a charming garden shed offers an extra 53 square feet of storage or workspace, perfect for gardening enthusiasts or hobbyists.Enhancing its appeal, the home includes access to one of three coveted lake easements: North Lake Club, Southview Club, or Lakewood Yacht Club. This property easily lives as a single level home for those not looking for stairs or changing levels.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97034, Lake Oswego, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,516 (100%)
Owner Occupied HU	6,719 (70.6%)
Renter Occupied HU	2,063 (21.7%)
Vacant Housing Units	734 ( 7.7%)
Median Home Value	$1,023,696
Average Home Value	$1,197,323