1221 SW 10th Ave UNIT 1510, Portland, OR, 97205 | 5.22% Rental Yield

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1221 SW 10th Ave UNIT 1510, Portland, OR, 97205 | 5.22% Rental Yield | 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 1221 SW 10th Ave UNIT 1510, Portland, OR, 97205 earns from $2,326/mo rent with a $2,619/mo payment. Total monthly income totals $2,326/mo. ROI tracks 13.9% on current figures, and rental yield reads 5.22% at a $535,000 purchase. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,811 over five years. Five-year ROI reaches 70.39% and total cumulative return in cash sums $123,904. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,326/mo property income instead of your personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

No HOA

More details about the property

Enjoy a turnkey lifestyle & a breath of fresh air in this light and bright condo on the highest floor possible before the penthouse levels. Mid-century vibes & modern style with an open living area flooded with light from the floor to ceiling windows with two layers of mesh solar shades to control all the natural light you like. Enjoy watching the sunsets & grilling on the balcony spanning over 26'. Clean lines in the kitchen with European-style cabinets, granite counters, a custom full-height backsplash and stainless appliances, including the wine cooler in the eating island. The primary suite is private off the living room with custom wood & glass sliders, custom closets & an en suite bathroom featuring a marble vanity and large soaking tub/shower combination. Matching custom wood & glass sliders enclose the 2nd bedroom for working or hosting guests with the adjacent 2nd bath. The large entry leads to a big laundry room with generous storage space, washer & dryer. Separately deeded & secure parking space is within the building, and includes a private storage room adjacent to the parking space. The building has power for EV charging & each owner can contract to bring the power and install charging stations at each parking space at their own cost. The building has many wonderful amenities: fitness room & library on the 2nd floor, meeting room & common terrace with kitchen & bath on the 3rd floor, plus 24/7 concierge service. Strong HOA & very well managed building. Frequent the new Mark Rothko Pavilion at the Portland Art Museum across the street, events at the Schnitz, Oregon Historical Society, Farmers Markets, classes at PSU, downtown shopping & dining.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97205, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,632 (100%)
Owner Occupied HU	1,213 (15.9%)
Renter Occupied HU	5,607 (73.5%)
Vacant Housing Units	812 (10.6%)
Median Home Value	$822,425
Average Home Value	$979,827