986 NE Queens LnHillsboroOR97124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hillsboro at 986 NE Queens Ln, Hillsboro, OR, 97124 uses $165,750 cash to close to unlock $1,226/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $2,447/mo payment keeps the spread at $102/mo. Purchase price stands at $500,000, and rental yield measures 7.49% with $3,120/mo rent. Return on cash invested shows 20.65% in year one, and 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 106.62% and total cumulative return in cash records $176,720. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.29 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97124, Hillsboro, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,911 (100%) |
| Owner Occupied HU | 10,578 (46.2%) |
| Renter Occupied HU | 11,396 (49.7%) |
| Vacant Housing Units | 937 ( 4.1%) |
| Median Home Value | $617,581 |
| Average Home Value | $657,267 |
Housing Distribution
Address Breakdown
Residential
21,791
Single Family
15,091
Multi-Family
6,700
Businesses
1,491
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-20 | Sold | $500,000 |
| 2025-07-31 | Pending sale | $499,500 |
| 2025-07-26 | Listed for sale | $499,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $3900.52 | 2.92% | $231,680 | 3.00% |
| 2023-10-27 | $3789.71 | 2.79% | $224,940 | 3.00% |
| 2022-10-27 | $3686.91 | 2.05% | $218,390 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1958
- Architectural Style: Mid Century Modern
- Building Area: 1,412
- Living Area: 1,412 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Forced Air, Fireplace(s)
- Cooling: Central Air
- Flooring: Hardwood, Wood, Concrete
- Interior Features: Ceiling Fan(s), Granite, Galley, Pantry
- Exterior Features: Built-in Barbecue, Garden, Yard
- Parking Features: Parking Pad, RV Access/Parking, RV Boat Storage, Attached
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Mooberry
- Middle School: Poynter
- High School: Liberty
Listed by: Stephen Mead • Oregon Country Property, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #247491458
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 2025 RMLS, Portland, Oregon. This content last updated on 2025-10-27 03:19:12 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.