1205 SW Cardinell Dr UNIT 102, Portland, OR, 97201 | $284/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1205 SW Cardinell Dr UNIT 102, Portland, OR, 97201 | $284/mo Cash Flow | 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 1205 SW Cardinell Dr UNIT 102, Portland, OR, 97201 uses $49,725 cash to close to unlock $3,405/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,189/mo, and a $734/mo payment keeps the spread at $284/mo. Purchase price stands at $150,000, and rental yield measures 9.51% with $1,189/mo rent. Return on cash invested shows 26.76% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 139.38% and total cumulative return in cash records $69,306. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,189/mo property income covering a $734/mo payment rather than investor’s personal income.

Condo

Built in 1951

N/A lot

$N/A/sqft

No HOA

More details about the property

Tucked away behind PSU, yet just moments from everything, this one-of-a-kind condo offers the perfect blend of urban convenience and quiet comfort. Enjoy easy access to the PSU Farmers Market, the Cultural District, downtown, freeways, the street car, an abundance of restaurants and shops all within walking distance. This unique unit is freshly painted & the only one in the building with private, exterior access, offering a rare level of privacy and convenience. Step inside to an open-concept living space, bathed in natural light and offering peaceful city views. Relax or entertain with ease, youre even close enough to watch PSU football games from the comfort of your own home! The kitchen features full-size appliances, granite countertops, and a charming eat-in bar that seamlessly connecting the kitchen and living areas. The recently updated bathroom is fresh, light, and bright, with modern finishes throughout. The well-maintained HOA includes water, sewer, garbage, gas, insurance, and building maintenance, plus recent upgrades like a newer roof and an energy-efficient mini-split heating & cooling system. This condo also offers in-unit washer & dryer, a separate secure storage unit, and easy street parking with a Zone B permit for just $100/year. Perfect for first-time buyers, PSU faculty or students, or anyone seeking a downtown pied--terre, this condo is also an excellent option for investors (no rental cap). Dont miss the opportunity to make this urban gem your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97201, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,508 (100%)
Owner Occupied HU	2,911 (23.3%)
Renter Occupied HU	8,009 (64.0%)
Vacant Housing Units	1,588 (12.7%)
Median Home Value	$828,638
Average Home Value	$952,897