1549 N Blandena St, Portland, OR, 97217 | $850/mo Cash Flow

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

Investment property for sale in Portland at 1549 N Blandena St, Portland, OR, 97217 uses $142,545 cash to close to unlock $10,201/yr annual cash flow and $850/mo monthly cash flow. Total monthly income runs $3,446/mo, and a $2,105/mo payment keeps the spread at $850/mo. Purchase price stands at $429,999, and rental yield measures 9.62% with $3,446/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 141.04% and total cumulative return in cash records $201,050. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,446/mo property income covering a $2,105/mo payment rather than investor’s personal income.

Single Family

Built in 1911

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover this classic Portland bungalow on a desirable corner lot, offering charm, character, and incredible potential. Perfectly located with a Walk Score of 75 and a Bike Score of 100, this home makes it easy to plug into the community. You're just minutes from Kaiser, close to downtown Portland, and steps from the Interstate Yellow Line MAX for an easy commute. A new roof was added in 2018, and every window on the main level has already been updated to double-pane windows for comfort and efficiency. With its classic style, great bones, and unbeatable location, this bungalow is ready for a new owner to make it their ownwhether thats someone looking to put down roots or an investor seeking a promising Portland opportunity. For those interested in educational options, the home is also within blocks from the dual-housed Spanish Immersion program at Beach Elementary School.Open House: 12/06/2025 1-3pm [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242839]

Neighborhood Data

Neighborhood data shown for ZIP Code: 97217, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,848 (100%)
Owner Occupied HU	9,409 (49.9%)
Renter Occupied HU	7,480 (39.7%)
Vacant Housing Units	1,959 (10.4%)
Median Home Value	$604,473
Average Home Value	$613,107