1260 NW Naito Pkwy UNIT 705PortlandOR97209
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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 1260 NW Naito Pkwy UNIT 705, Portland, OR, 97209 listed at $574,900 pairs $3,088/mo rent with a $2,814/mo payment. Total monthly income runs $3,088/mo. Return on cash invested measures 9.9% in year one, and rental yield registers 6.45% at a $574,900 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,834 by year five. Five-year ROI tracks 51.75% and total cumulative return in cash totals $97,875. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,088/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,219 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97209, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,901 (100%) |
| Owner Occupied HU | 2,761 (14.6%) |
| Renter Occupied HU | 12,749 (67.5%) |
| Vacant Housing Units | 3,391 (17.9%) |
| Median Home Value | $770,736 |
| Average Home Value | $881,846 |
Housing Distribution
Address Breakdown
Residential
16,853
Single Family
1,039
Multi-Family
15,814
Businesses
1,615
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $574,900 |
| 2015-05-23 | Sold | $549,000 |
| 2015-01-16 | Listing removed | $549,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: Condo
- Year Built: 2007
- Architectural Style: Contemporary
- Building Area: 1,585
- Living Area: 1,585 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air, Heat Pump
- Cooling: Central Air
- Flooring: Wood
- Interior Features: Quartz, Kitchen Island, Great Room, Walk-In Closet(s)
- Exterior Features: Sauna
- Parking Features: Deeded, Garage Door Opener, Condo Garage (Other), Attached
HOA & Fees
- HOA Fee: $1,219 monthly
- Association Fee: $1,219 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Chapman
- Middle School: West Sylvan
- High School: Lincoln
Listed by: David Sobolik • Knipe Realty ERA Powered
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #368052737
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-03-31 11:57:34 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.