623 NE Fleming AveGreshamOR97030
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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 Gresham at 623 NE Fleming Ave, Gresham, OR, 97030 with 5% annual appreciation on a $249,800 basis while $2,122/mo rent supports operations. Total monthly income totals $2,122/mo and a $1,223/mo payment preserves $614/mo for cash returns. Annual cash flow comes to $7,366/yr on $82,809 deployed, and return on cash invested reaches 28.8% in year one. Equity gained on principal adds $1,612/yr, and five-year appreciation sums $69,015 alongside rental yield of 10.19%. Five-year ROI measures 150.34% and total cumulative return in cash totals $124,495.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,122/mo property income versus a $1,223/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97030, Gresham, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,767 (100%) |
| Owner Occupied HU | 6,647 (42.2%) |
| Renter Occupied HU | 8,289 (52.6%) |
| Vacant Housing Units | 831 ( 5.3%) |
| Median Home Value | $454,651 |
| Average Home Value | $507,729 |
Housing Distribution
Address Breakdown
Residential
15,955
Single Family
12,318
Multi-Family
3,637
Businesses
1,735
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