604 SE Forest LnCascade LocksOR97014
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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
Rental property for sale in Cascade Locks at 604 SE Forest Ln, Cascade Locks, OR, 97014 generates $875/mo in rent, after a $1,835/mo payment. Total monthly income is $875/mo. Return on cash invested sits at 6.51% in year one, and rental yield is 2.8% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 30.78% and total cumulative return in cash sums $38,259. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $875/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97014, Cascade Locks, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 690 (100%) |
| Owner Occupied HU | 443 (64.2%) |
| Renter Occupied HU | 153 (22.2%) |
| Vacant Housing Units | 94 (13.6%) |
| Median Home Value | $416,013 |
| Average Home Value | $478,781 |
Housing Distribution
Address Breakdown
Residential
189
Single Family
178
Multi-Family
11
Businesses
74
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Listed by: Alisha Nightingale • Windermere CRG
Mls Name: RMLS (OR)
Mls ID: #565664142