12208 SE 38th AveMilwaukieOR97222
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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 Milwaukie at 12208 SE 38th Ave, Milwaukie, OR, 97222 offers a 8.25% rental yield on a $572,500 purchase with $3,938/mo rent. Total monthly income registers $3,938/mo, and a $2,802/mo payment leaves $469/mo available for distribution. Annual cash flow reaches $5,623/yr on $188,353 to close, and return on cash invested stands at 23.05% in year one. Equity gained on principal adds $3,694/yr while 5% annual appreciation supports $158,171 over five years. Portfolio math shows five-year ROI at 119.46% and total cumulative return in cash at $225,006. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,938/mo property income against a $2,802/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
6,233 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97222, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,111 (100%) |
| Owner Occupied HU | 8,989 (52.5%) |
| Renter Occupied HU | 7,133 (41.7%) |
| Vacant Housing Units | 989 ( 5.8%) |
| Median Home Value | $536,023 |
| Average Home Value | $602,686 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
13,579
Multi-Family
2,394
Businesses
929
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