17809 NE Marine Dr #B-3PortlandOR97230
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 17809 NE Marine Dr #B-3, Portland, OR, 97230 in Portland offers a clean, manageable entry. Rental yield 7.99%. DSCR 1.48 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $136,759 in additional property value over five years, with $4,559/yr in principal equity building ownership stake. Total projected cumulative return: $182,813.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 5.5% |
| Monthly Cash Flow | $(98) | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,295 |
| Total Monthly Debt Service | $3,196 |
| DSCR Ratio | 1.03x |
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.
Single Family
Built in 2003
N/A lot
$N/A/sqft
$405 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97230, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,103 (100%) |
| Owner Occupied HU | 8,699 (54.0%) |
| Renter Occupied HU | 6,495 (40.3%) |
| Vacant Housing Units | 909 ( 5.6%) |
| Median Home Value | $473,969 |
| Average Home Value | $499,367 |
Housing Distribution
Address Breakdown
Residential
15,969
Single Family
14,523
Multi-Family
1,446
Businesses
1,086
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
Single Family
Built in 2003
N/A lot
$N/A/sqft
$405 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97230, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,103 (100%) |
| Owner Occupied HU | 8,699 (54.0%) |
| Renter Occupied HU | 6,495 (40.3%) |
| Vacant Housing Units | 909 ( 5.6%) |
| Median Home Value | $473,969 |
| Average Home Value | $499,367 |
Housing Distribution
Address Breakdown
Residential
15,969
Single Family
14,523
Multi-Family
1,446
Businesses
1,086
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices