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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Portland at 11771 NW Mellridge Ln, Portland, OR, 97229 offers a 6.32% rental yield on a $950,000 purchase with $5,000/mo rent. 1% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,467 over five years. Portfolio math shows five-year ROI at 87.57% and total cumulative return in cash at $273,698. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,000/mo property income against a $4,650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
4,356 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood data shown for ZIP Code: 97229, Portland, OR area.
| 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 |
Residential
28,709
Single Family
26,480
Multi-Family
2,229
Businesses
508
Date | Event | Price |
|---|---|---|
| 2025-02-26 | Price change | $950,000 |
| 2024-12-02 | Listed for sale | $969,950 |
| 2022-04-20 | Sold | $969,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | $8882.76 | 6.37% | $471,240 | 3.00% |
| 2023-03-13 | $8351.11 | 69.10% | $457,520 | 69.27% |
| 2022-03-13 | $4938.62 | 494.29% | $270,290 | N/A |
Listed by: Breylan Deal-Eriksen • Think Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24268772
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-03-13 12:04:02 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
