1209 SW 6th AvePortlandOR97204
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 1209 SW 6th Ave, Portland, OR, 97204 in Portland offers a clean, manageable entry. Rental yield 6.13%. DSCR 1.14 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $96,699 in additional property value over five years, with $3,224/yr in principal equity building ownership stake. Total projected cumulative return: $111,667.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 5.5% |
| Monthly Cash Flow | $(1,105) | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,789 |
| Total Monthly Debt Service | $1,973 |
| DSCR Ratio | 0.91x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1923
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97204, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 537 (100%) |
| Owner Occupied HU | 6 ( 1.1%) |
| Renter Occupied HU | 475 (88.5%) |
| Vacant Housing Units | 56 (10.4%) |
| Median Home Value | $583,333 |
| Average Home Value | $754,167 |
Housing Distribution
Address Breakdown
Residential
692
Single Family
1
Multi-Family
691
Businesses
1,042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1923
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97204, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 537 (100%) |
| Owner Occupied HU | 6 ( 1.1%) |
| Renter Occupied HU | 475 (88.5%) |
| Vacant Housing Units | 56 (10.4%) |
| Median Home Value | $583,333 |
| Average Home Value | $754,167 |
Housing Distribution
Address Breakdown
Residential
692
Single Family
1
Multi-Family
691
Businesses
1,042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices