10985 E Burnside St #9PortlandOR97216
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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
Investment property for sale in Portland at 10985 E Burnside St #9, Portland, OR, 97216 offers a 9.5% rental yield on a $159,900 purchase with $1,266/mo rent. Total monthly income registers $1,266/mo, and a $783/mo payment leaves $300/mo available for distribution. Annual cash flow reaches $3,605/yr on $53,007 to close, and return on cash invested stands at 26.71% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 139.17% and total cumulative return in cash at $73,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,266/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97216, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,003 (100%) |
| Owner Occupied HU | 3,405 (48.6%) |
| Renter Occupied HU | 3,225 (46.1%) |
| Vacant Housing Units | 373 ( 5.3%) |
| Median Home Value | $487,734 |
| Average Home Value | $579,752 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
5,892
Multi-Family
996
Businesses
534
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