900 NE Francis Ave UNIT 69GreshamOR97030
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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 900 NE Francis Ave UNIT 69, Gresham, OR, 97030 uses $62,985 cash to close to unlock $16,597/yr annual cash flow and $1,383/mo monthly cash flow. Total monthly income runs $2,530/mo, and a $930/mo payment keeps the spread at $1,383/mo. Purchase price stands at $190,000, and rental yield measures 15.98% with $2,530/mo rent. Return on cash invested shows 46.26% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 244.02% and total cumulative return in cash records $153,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,530/mo property income covering a $930/mo payment rather than investor’s personal income.
Manufactured
Built in 2021
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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Listed by: Alyssa Hunter • John L. Scott Sandy
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24167263
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 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-14 05:49:04 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.