1535 SW Clay St APT 209PortlandOR97201
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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 1535 SW Clay St APT 209, Portland, OR, 97201 generates $2,286/mo in rent, after a $1,468/mo payment. Total monthly income is $2,286/mo. Return on cash invested sits at 17.48% in year one, and rental yield is 9.15% on a $299,888 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,854 over five years. Five-year ROI reaches 92.58% and total cumulative return in cash sums $92,041. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,286/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$445 monthly HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
12,544
Single Family
2,391
Multi-Family
10,153
Businesses
666
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-13 | Price change | $299,888 |
| 2024-08-01 | Listed for sale | $316,888 |
| 2020-10-17 | Listing removed | $342,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $5693.47 | -7.03% | $236,430 | 3.00% |
| 2022-10-18 | $6123.79 | 1.72% | $229,550 | 3.00% |
| 2021-10-18 | $6020.28 | 9.01% | $222,870 | 3.00% |
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Facts & Features
General Information
- Type: Condo
- Year Built: 1982
- Architectural Style: N/A
- Building Area: 899
- Living Area: 899 sqft
- Property Condition: Approximately
Features & Amenities
- Heating: Ductless, Fireplace(s)
- Cooling: N/A
- Flooring: Hardwood, Wood
- Interior Features: Closet, Suite, Tile
- Exterior Features: N/A
- Parking Features: Deeded, Secured, Condo Garage (Deeded), Garage Available
HOA & Fees
- HOA Fee: $445 monthly
- Association Fee: $433 monthly
- Fees & Dues: N/A
- Association Amenities: Commons, Exterior Maintenance, Gated, Maintenance Grounds, Management
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Ainsworth
- Middle School: Other
- High School: Lincoln
Listed by: Mark Harter • John L. Scott
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24104513
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 06:14:25 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.