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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Portland at 1400 NW Irving St APT 609, Portland, OR, 97209 offers a 3.48% rental yield on a $685,000 purchase with $1,988/mo rent. 32% in year one. Equity gained on principal adds $4,420/yr while 5% annual appreciation supports $189,253 over five years. Portfolio math shows five-year ROI at 10.56% and total cumulative return in cash at $23,794. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,988/mo property income against a $3,353/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1923
N/A lot
$N/A/sqft
$854 monthly HOA
Neighborhood data shown for ZIP Code: 97209, Portland, OR area.
| 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 |
Residential
16,853
Single Family
1,039
Multi-Family
15,814
Businesses
1,615
Date | Event | Price |
|---|---|---|
| 2024-09-11 | Listed for sale | $685,000 |
| 2021-04-08 | Listing removed | N/A |
| 2020-12-03 | Price change | $675,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $10615.16 | 2.21% | $400,970 | 3.00% |
| 2022-10-18 | $10385.46 | 1.72% | $389,300 | 3.00% |
| 2021-10-18 | $10209.94 | 9.01% | $377,970 | 3.00% |
Listed by: Judie Dunken • JUDIE DUNKEN REAL ESTATE LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24389353
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 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-18 03:09:06 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.
