10945 SW 61st Ave, Portland, OR, 97219 | 6.54% Rental Yield

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10945 SW 61st Ave, Portland, OR, 97219 | 6.54% 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

Investment property for sale in Portland at 10945 SW 61st Ave, Portland, OR, 97219 offers a 6.54% rental yield on a $615,000 purchase with $3,354/mo rent. 94% in year one. Equity gained on principal adds $3,969/yr while 5% annual appreciation supports $169,913 over five years. Portfolio math shows five-year ROI at 92.02% and total cumulative return in cash at $186,197. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,354/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1937

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

New roof will be installed on 11/3! Storybook SW Portland cottage in the heart of it all offers main level living with many recent updates. Tucked back off the road with privacy hedges and a new circular driveway plus an ideal flat usable backyard backing to city owned greenspace, your sense of arrival makes you feel you're in a world of your own. Recent updates include new windows, remodeled primary bath, new AC, sprinkler system, new sewer line, lighting and paint throughout. Step into a welcoming living room with large picture windows and wood burning fireplace for winter time warmth, plus a spacious dining room for large gatherings opens up to the expansive park-like backyard. Gorgeous hardwood floors throughout most the home. Primary retreat on the main level with walk-in dressing room and remodeled bath with dual sinks and walk-in shower. The remainder of the home includes two sizable bedrooms upstairs, main level laundry room and additional full bath, plus enormous unfinished basement with tall ceilings offering unlimited opportunities and storage. Attached garage for storing vehicles, bikes, toys etc. Amazingly handy location just minutes to freeway access, Multnomah Village, Washington Square Mall, parks, restaurants and shops. Don't let this adorable Portland cottage slip away! [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10241696]

Neighborhood Data

Neighborhood data shown for ZIP Code: 97219, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,563 (100%)
Owner Occupied HU	11,477 (65.3%)
Renter Occupied HU	5,017 (28.6%)
Vacant Housing Units	1,069 ( 6.1%)
Median Home Value	$697,594
Average Home Value	$790,223