1220 NE 17th Ave APT 5APortlandOR97232
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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
Investment property for sale in Portland at 1220 NE 17th Ave APT 5A, Portland, OR, 97232 uses $97,793 cash to close to unlock $8,967/yr annual cash flow and $747/mo monthly cash flow. Total monthly income runs $2,528/mo, and a $1,444/mo payment keeps the spread at $747/mo. Purchase price stands at $295,000, and rental yield measures 10.28% with $2,528/mo rent. Return on cash invested shows 29.08% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 151.84% and total cumulative return in cash records $148,490. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,528/mo property income covering a $1,444/mo payment rather than investor’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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