1512 SE 117th AvePortlandOR97216
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1512 SE 117th Ave, Portland, OR, 97216 in Portland earns a 8.23% gross yield at $419,800. Rent of $2,879/mo nets $306/mo after the $1,888/mo mortgage. The 1.52 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $115,983 and $3,866/yr in equity accumulation project a total cumulative return of $181,099.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.5% |
| Monthly Cash Flow | $306 | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,879 |
| Total Monthly Debt Service | $2,367 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97216, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,003 (100%) |
| Owner Occupied HU | 3,405 (48.6%) |
| Renter Occupied HU | 3,225 (46.1%) |
| Vacant Housing Units | 373 ( 5.3%) |
| Median Home Value | $487,734 |
| Average Home Value | $579,752 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
5,892
Multi-Family
996
Businesses
534
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2016
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97216, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,003 (100%) |
| Owner Occupied HU | 3,405 (48.6%) |
| Renter Occupied HU | 3,225 (46.1%) |
| Vacant Housing Units | 373 ( 5.3%) |
| Median Home Value | $487,734 |
| Average Home Value | $579,752 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
5,892
Multi-Family
996
Businesses
534
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices