12642 NW Barnes Rd APT 8PortlandOR97229
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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
Rental property for sale in Portland at 12642 NW Barnes Rd APT 8, Portland, OR, 97229 generates $1,491/mo in rent and, after a $1,072/mo payment, leaves $169/mo in cash flow. Total monthly income is $1,491/mo, and annual cash flow is $2,028/yr on $72,599 invested. Return on cash invested sits at 22.7% in year one, and rental yield is 8.17% on a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 117.6% and total cumulative return in cash sums $85,377. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,491/mo property income rather than buyer’s personal income.
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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