1017 NE Skidmore StPortlandOR97211
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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 Portland at 1017 NE Skidmore St, Portland, OR, 97211 generates $4,739/mo in rent, after a $4,743/mo payment. Total monthly income is $4,739/mo. Return on cash invested sits at 15.88% in year one, and rental yield is 5.87% on a $969,000 entry. Equity gained on principal adds $6,253/yr, while 5% annual appreciation builds toward $267,717 over five years. Five-year ROI reaches 81% and total cumulative return in cash sums $258,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,739/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97211, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,922 (100%) |
| Owner Occupied HU | 8,665 (58.1%) |
| Renter Occupied HU | 5,347 (35.8%) |
| Vacant Housing Units | 910 ( 6.1%) |
| Median Home Value | $657,029 |
| Average Home Value | $686,430 |
Housing Distribution
Address Breakdown
Residential
13,977
Single Family
12,999
Multi-Family
978
Businesses
1,099
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