11424 SW 66th Ave, Portland, OR, 97223 | 6.43% Rental Yield

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11424 SW 66th Ave, Portland, OR, 97223 | 6.43% 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 11424 SW 66th Ave, Portland, OR, 97223 offers a 6.43% rental yield on a $615,000 purchase with $3,293/mo rent. 57% 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 90.08% and total cumulative return in cash at $182,273. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,293/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 1986

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this meticulously maintained 1,606 square foot split-level home in the heart of SW Portland, where thoughtful updates and inviting spaces create a truly special living experience. With three bedrooms and two bathrooms, this residence offers both comfort and functionality, making it an ideal choice for a variety of lifestyles. The light-filled living room welcomes you with a cozy gas fireplace, perfect for gatherings with family and friends or relaxing with a good book. Just steps away, the spacious kitchen is a chefs delight, featuring quartz counters, tile flooring, and a stylish tile backsplash that brings a modern touch. A sliding door connects the dining area to a covered patio, seamlessly blending indoor and outdoor living. On the lower level, a generous bonus room offers endless flexibility for a media room, playroom, home office, or gym. The adjacent laundry room adds convenience and extra storage to keep your home organized. The crown jewel of this home is the backyard oasis. Designed for relaxation and entertaining, it features extensive decking, a covered deck with a hot tub, raised garden beds, a tool shed, an irrigation system, and beautiful landscaping. Whether hosting gatherings, gardening, or enjoying quiet evenings under the stars, this outdoor space is unmatched. New Furnace in 2011, New AC in 2019, New Hot Water Heater in 2019. Located near 99W and I-5, the home offers excellent commuting options and is just minutes from shopping, dining, and schools. With its combination of modern amenities, thoughtful design, and timeless comfort, this SW Portland gem is move-in ready and waiting to welcome you home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97223, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,295 (100%)
Owner Occupied HU	12,157 (57.1%)
Renter Occupied HU	8,235 (38.7%)
Vacant Housing Units	903 ( 4.2%)
Median Home Value	$644,163
Average Home Value	$668,731