Elmhurst Plan, South River Terrace Innovate Condominiums, Tigard, OR, 97224 | $1,107/mo Cash Flow

For Sale

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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 Tigard at Elmhurst Plan, South River Terrace Innovate Condominiums, Tigard, OR, 97224 listed at $424,999 pairs $3,672/mo rent with a $2,080/mo payment to leave $1,107/mo cash flow. Total monthly income runs $3,672/mo, and annual cash flow reaches $13,281/yr on $140,887 cash to close. Return on cash invested measures 29.34% in year one, and rental yield registers 10.37% at a $424,999 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,419 by year five. Five-year ROI tracks 153.2% and total cumulative return in cash totals $215,836. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,672/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

A perfect choice for those seeking a tranquil work-from-home office, this plan offers a tranquil den tucked away in a quiet space beyond the kitchen on the ground floor next to a half bath. The main level rounds out with a well-equipped kitchen with pantry and extra storage, plus an open-plan entertaining space that curls around to the stairs. On the second floor, both the primary bath and secondary bath feature dual sinks and vanities. Bedroom two includes a walk-in closet and the owner's suite is situated at the end of the hallway for added privacy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97224, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,474 (100%)
Owner Occupied HU	11,629 (66.6%)
Renter Occupied HU	5,149 (29.5%)
Vacant Housing Units	696 ( 4.0%)
Median Home Value	$648,654
Average Home Value	$667,976