10264 NW Edgewood Dr, PORTLAND, OR, 97229 | 5.56% Rental Yield

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10264 NW Edgewood Dr, PORTLAND, OR, 97229 | 5.56% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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

Rental property for sale in PORTLAND at 10264 NW Edgewood Dr, PORTLAND, OR, 97229 generates $2,779/mo in rent, after a $2,937/mo payment. Total monthly income is $2,779/mo. Return on cash invested sits at 14.94% in year one, and rental yield is 5.56% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 75.93% and total cumulative return in cash sums $149,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,779/mo property income rather than buyer’s personal income.

Condo

Built in 2002

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover tranquility in this unique Forest Heights residence, privately set against a lush greenspace. Abundant natural light fills the home, highlighting serene views throughout. This is a rare find with two condos thoughtfully combined to create a fully detached home offering flexible living options. Live in one space and rent the other, or enjoy both levels as an expansive single-family home with a separate guest suite or rental unit. Home is set up for multi-generational living. The main floor has a cozy living room with a gas fireplace, a dining area that opens to a private balcony, a gourmet kitchen with stainless appliances and tons of prep space, one bedroom, and a full bathroom. Upstairs, a secluded primary suite includes a spacious walk-in closet and a beautifully updated bath with a jetted tub and dual vanities. The lower-level apartment offers an open-concept design with a full kitchen with granite countertops, an island and stainless appliances. There's also a large living/dining area, a bedroom with a walk-in closet, and a full bath, plus access to a private deck. Additional features include a two-car attached garage and a fantastic location near scenic trails, restaurants, top hospitals, and Intel. The Home Energy Score is 4. HES Report at https://us.greenbuildingregistry.com/green-homes/OR10163517].

Neighborhood Data

Neighborhood data shown for ZIP Code: 97229, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	28,595 (100%)
Owner Occupied HU	19,842 (69.4%)
Renter Occupied HU	7,682 (26.9%)
Vacant Housing Units	1,071 ( 3.7%)
Median Home Value	$780,837
Average Home Value	$818,718