12620 NW Barnes Rd APT 5PortlandOR97229
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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 12620 NW Barnes Rd APT 5, Portland, OR, 97229 offers a 8.23% rental yield on a $220,000 purchase with $1,509/mo rent. Total monthly income registers $1,509/mo, and a $1,077/mo payment leaves $181/mo available for distribution. Annual cash flow reaches $2,170/yr on $72,930 to close, and return on cash invested stands at 22.88% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 118.6% and total cumulative return in cash at $86,495. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,509/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
28,709
Single Family
26,480
Multi-Family
2,229
Businesses
508
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