741 SE Forest Glen Rd, Estacada, OR, 97023 | $341/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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741 SE Forest Glen Rd, Estacada, OR, 97023 | $341/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Estacada at 741 SE Forest Glen Rd, Estacada, OR, 97023 offers $3,534/mo rent that, after a $2,589/mo payment, leaves $341/mo cash flow. Total monthly income is $3,534/mo, and annual cash flow is $4,093/yr on $174,041 cash. Return on cash invested measures 22.41% in year one, and rental yield stands at 8.02% at a $529,000 entry. Equity gained on principal adds $3,414/yr while 5% annual appreciation compounds into $146,153 by year five. Five-year ROI records 116.05% and total cumulative return in cash reaches $201,977. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,534/mo property income versus a $2,589/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2006

N/A lot

$N/A/sqft

No HOA

More details about the property

OPEN SAT 7/12 11am-1pm. DIVIDABLE LOT! Opportunities await in this updated and move in ready 3 bed 2.5 bath on large 1/2 acre lot. Per seller city has indicated the lot is dividable. Rear portion conveniently backs to street below with access to utilities. Buyer to verify all with City. Main floor enjoys open living layout with with separate family room; large utility room off kitchen can be an used as pantry/storage/office. Bedrooms and large bonus room are located in the lower daylight basement. Most updates were in 2021. New heat pump installed 2019. Located just a few minutes up the hill from historic and quaint downtown Estacada with access to shops, cafe, services and Clackamas riverfront. Enjoy nearby Mt. Hood National Forest for hiking, camping, fishing, skiing. View potential from rear of house.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97023, Estacada, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,169 (100%)
Owner Occupied HU	4,102 (79.4%)
Renter Occupied HU	776 (15.0%)
Vacant Housing Units	291 ( 5.6%)
Median Home Value	$610,780
Average Home Value	$670,964