1500 SW 11th Ave UNIT 604, Portland, OR, 97201 | 6.56% Rental Yield

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1500 SW 11th Ave UNIT 604, Portland, OR, 97201 | 6.56% Rental Yield | 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

Rental property for sale in Portland at 1500 SW 11th Ave UNIT 604, Portland, OR, 97201 generates $1,634/mo in rent, after a $1,463/mo payment. Total monthly income is $1,634/mo. Return on cash invested sits at 17.85% in year one, and rental yield is 6.56% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 91.59% and total cumulative return in cash sums $90,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,634/mo property income rather than buyer’s personal income.

Condo

Built in 2006

N/A lot

$N/A/sqft

No HOA

More details about the property

This NE corner condo on the 6th floor offers great views of the city, surrounding, treetops, and neighborhood. Inside, you'll find hardwood floors, large windows that let in plenty of natural light, and custom built-ins for extra storage. The primary bedroom includes an en suite bathroom, and there's also a convenient hallway powder room.The kitchen features a gas range, stainless steel appliances, and an eating bar. A private balcony provides a nice space to relax or enjoy the view.Building amenities include a hot tub, gym, meeting room, and a modern lobby with high ceilings and walls of windows. Theres also a large outdoor common area for gatherings or relaxing.Located in Portlands Cultural District, this home near Portland State University, the Oregon Historical Society, Directors Park, the South Park Blocks, the Portland Streetcar, and a variety of dining, shopping, and entertainment options.Includes a deeded parking space and storage unit.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97201, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,508 (100%)
Owner Occupied HU	2,911 (23.3%)
Renter Occupied HU	8,009 (64.0%)
Vacant Housing Units	1,588 (12.7%)
Median Home Value	$828,638
Average Home Value	$952,897