1500 SW Park Ave APT 215, Portland, OR, 97201 | $717/mo Cash Flow

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1500 SW Park Ave APT 215, Portland, OR, 97201 | $717/mo Cash Flow | Ziffy

For Sale

Listed for sale 3 days ago

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 1500 SW Park Ave APT 215, Portland, OR, 97201 offers a 11.58% rental yield on a $198,500 purchase with $1,916/mo rent. Total monthly income registers $1,916/mo, and a $972/mo payment leaves $717/mo available for distribution. Annual cash flow reaches $8,609/yr on $65,803 to close, and return on cash invested stands at 32.99% in year one. Equity gained on principal adds $1,281/yr while 5% annual appreciation supports $54,842 over five years. Portfolio math shows five-year ROI at 172.83% and total cumulative return in cash at $113,729. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,916/mo property income against a $972/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Thoughtfully maintained and in a prime location this University Park Condominium offers comfortable low maintenance living in the heart of downtown Portland. Featuring laminate flooring in the living area and tile floors in the kitchen and bathroom provide a warm aesthetic and everyday practicality. The kitchen comes fully equipped with stainless steel appliances included. Enjoy the convenience of in-unit laundry, deeded parking and a private storage unit. Situated just steps from Portland State University, the Portland Farmers Market, and excellent public transportation, this home delivers exceptional access to downtown amenities, dining, and cultural destinations. A solid opportunity for owner-occupants or investors seeking a well-located residence with strong livability.

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