629 Ballad Way, Forest Grove, OR, 97116 | $14/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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629 Ballad Way, Forest Grove, OR, 97116 | $14/mo Cash Flow | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

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

Investment property for sale in Forest Grove at 629 Ballad Way, Forest Grove, OR, 97116 at $445,000 posts ROI 20.02% with $14/mo cash flow from $2,700/mo rent. Total monthly income equals $2,700/mo, and annual cash flow records $168/yr on $147,518 to close. Return on cash invested measures 20.02% and rental yield reads 7.28% at the current $445,000. Equity gained on principal adds $2,872/yr, and 5% annual appreciation supports $122,945 by year five. Five-year ROI prints 103.24% and total cumulative return in cash totals $152,300.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,700/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1979

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

MOTIVATED SELLER! Charming and well-maintained one-level home featuring 3 bedrooms, 2 full bathrooms, and a spacious living room with a cozy brick fireplace. Enjoy recent upgrades including a 2024 dishwasher, newer electrical panel with 30a 120v RV hookup, reverse osmosis system on the kitchen sink, and renovated second bath. The house has been freshly painted and it is move-in ready, with a newer washer and dryer available. Still not enough? How about an oversized driveway, a spacious garage with built-in storage, and updated fencing in both the front and back yards all with NO HOA! Located in a sought-after area just minutes from parks, downtown, shops, schools, and the university, this gem won't last long-come see it before it's gone!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97116, Forest Grove, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,985 (100%)
Owner Occupied HU	6,780 (61.7%)
Renter Occupied HU	3,790 (34.5%)
Vacant Housing Units	415 ( 3.8%)
Median Home Value	$608,165
Average Home Value	$636,875