12618 NW Barnes Rd APT 11, Portland, OR, 97229 | $138/mo Cash Flow

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12618 NW Barnes Rd APT 11, Portland, OR, 97229 | $138/mo Cash Flow | 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 12618 NW Barnes Rd APT 11, Portland, OR, 97229 uses $71,273 cash to close to unlock $1,650/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $1,435/mo, and a $1,052/mo payment keeps the spread at $138/mo. Purchase price stands at $215,000, and rental yield measures 8.01% with $1,435/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 115.08% and total cumulative return in cash records $82,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,435/mo property income covering a $1,052/mo payment rather than investor’s personal income.

Condo

Built in 1979

N/A lot

$N/A/sqft

No HOA

More details about the property

New Price - Westlake Village is the place to be! One of the best locations for shopping, restaurants and such easy access to the freeways, medical centers plus great schools. Nestled in the trees at the back of the complex, quiet location, peaceful overlooking the creek, a wetland area. Total privacy. Fresh paint, new carpet and range and range hood are about two years old. Living room with a view and wood burning fireplace. Close to the pool, tennis courts and walking trails. The complex is beautifully maintained and has been updated with new stairwells, siding and windows. Amenities covered by the HOA water, sewer, garbage, pool and tennis, exterior maintenance and insurance. Easy to show!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97229, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	28,595 (100%)
Owner Occupied HU	19,842 (69.4%)
Renter Occupied HU	7,682 (26.9%)
Vacant Housing Units	1,071 ( 3.7%)
Median Home Value	$780,837
Average Home Value	$818,718