965 Forest Ln #15Cascade LocksOR97014
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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
Rental property for sale in Cascade Locks at 965 Forest Ln #15, Cascade Locks, OR, 97014 generates $875/mo in rent, after a $587/mo payment. Total monthly income is $875/mo. Return on cash invested sits at -4.56% in year one, and rental yield is 8.75% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $875/mo property income rather than buyer’s personal income.
Manufactured
Built in 2020
N/A lot
$N/A/sqft
$700 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97014, Cascade Locks, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 690 (100%) |
| Owner Occupied HU | 443 (64.2%) |
| Renter Occupied HU | 153 (22.2%) |
| Vacant Housing Units | 94 (13.6%) |
| Median Home Value | $416,013 |
| Average Home Value | $478,781 |
Housing Distribution
Address Breakdown
Residential
189
Single Family
178
Multi-Family
11
Businesses
74
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Listed by: Frances Davis • Realty One Group Willamette Valley
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24552860
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 05:09:04 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.