1220 NE 17th Ave APT 12BPortlandOR97232
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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
Rental property for sale in Portland at 1220 NE 17th Ave APT 12B, Portland, OR, 97232 generates $2,574/mo in rent and, after a $1,517/mo payment, leaves $703/mo in cash flow. Total monthly income is $2,574/mo, and annual cash flow is $8,437/yr on $102,765 invested. Return on cash invested sits at 28.12% in year one, and rental yield is 9.96% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 146.71% and total cumulative return in cash sums $150,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,574/mo property income rather than buyer’s personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97232, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,249 (100%) |
| Owner Occupied HU | 2,321 (20.6%) |
| Renter Occupied HU | 7,612 (67.7%) |
| Vacant Housing Units | 1,316 (11.7%) |
| Median Home Value | $797,817 |
| Average Home Value | $837,145 |
Housing Distribution
Address Breakdown
Residential
10,404
Single Family
3,715
Multi-Family
6,689
Businesses
1,358
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