615 Cedar StFairviewOR97024
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fairview at 615 Cedar St, Fairview, OR, 97024 priced at $428,999 converts $2,940/mo rent into $350/mo cash flow after a $2,100/mo obligation. Total monthly income equals $2,940/mo, and annual cash flow totals $4,203/yr on $142,213 invested. Return on cash invested prints 22.86% in year one, and rental yield reads 8.22% against a $428,999 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation compiles into $118,525 by year five. Five-year ROI reaches 118.51% and total cumulative return in cash sums $168,540. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,940/mo property income covering a $2,100/mo payment, not borrower’s personal income.
Single Family
Built in 1974
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97024, Fairview, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,785 (100%) |
| Owner Occupied HU | 2,484 (51.9%) |
| Renter Occupied HU | 2,091 (43.7%) |
| Vacant Housing Units | 210 ( 4.4%) |
| Median Home Value | $456,124 |
| Average Home Value | $448,692 |
Housing Distribution
Address Breakdown
Residential
4,548
Single Family
3,972
Multi-Family
576
Businesses
432
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Listed by: Terri Boughton • Century 21 North Homes Realty
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #121508277
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 2025-03-16 12:22:42 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.