16281 NW Clover Ln #L-117PortlandOR97229
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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
Investment property for sale in Portland at 16281 NW Clover Ln #L-117, Portland, OR, 97229 earns from $4,284/mo rent with a $4,968/mo payment. Total monthly income totals $4,284/mo. ROI tracks 13.42% on current figures, and rental yield reads 5.06% at a $1,014,995 purchase. Equity gained on principal adds $6,550/yr, and 5% annual appreciation supports $280,424 over five years. Five-year ROI reaches 67.81% and total cumulative return in cash sums $223,003. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,284/mo property income instead of your personal income.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
$63 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97229, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,595 (100%) |
| Owner Occupied HU | 19,842 (69.4%) |
| Renter Occupied HU | 7,682 (26.9%) |
| Vacant Housing Units | 1,071 ( 3.7%) |
| Median Home Value | $780,837 |
| Average Home Value | $818,718 |
Housing Distribution
Address Breakdown
Residential
28,709
Single Family
26,480
Multi-Family
2,229
Businesses
508
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-01 | Price change | $1,014,995 |
| 2024-07-08 | Price change | $1,090,740 |
| 2024-07-01 | Listed for sale | $1,090,560 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2024
- Architectural Style: Contemporary,NW Contemporary
- Building Area: 2,947
- Living Area: 2,947 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: Forced Air 95 Plus, Fireplace(s)
- Cooling: Central Air
- Flooring: Engineered Hardwood, Tile, Wall to Wall Carpet
- Interior Features: High Ceilings, High Speed Internet, Quartz, Soaking Tub, Closet, Great Room, Bathtub, Walk-In Closet(s), Walkin Shower, Kitchen Island, Pantry
- Exterior Features: Yard
- Parking Features: Driveway, Garage Door Opener, Attached
Location
HOA & Fees
- HOA Fee: $63 monthly
- Association Fee: $63 monthly
- Fees & Dues: N/A
- Association Amenities: Commons, Management
- Association Fee Includes: N/A
Utilities
- Utilities: DSL
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: Sato
- Middle School: Stoller
- High School: Westview
Listed by: Brie Marquez • Toll Brothers Real Estate Inc
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24185208
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 2024-10-17 13:14:17 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.