1802 SE Morrison St #1802PortlandOR97214
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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 1802 SE Morrison St #1802, Portland, OR, 97214 generates $2,470/mo in rent, after a $2,203/mo payment. Total monthly income is $2,470/mo. Return on cash invested sits at 17.92% in year one, and rental yield is 6.59% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 92.01% and total cumulative return in cash sums $137,262. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,470/mo property income rather than buyer’s personal income.
Condo
Built in 1892
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97214, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,519 (100%) |
| Owner Occupied HU | 4,553 (27.6%) |
| Renter Occupied HU | 10,435 (63.2%) |
| Vacant Housing Units | 1,531 ( 9.3%) |
| Median Home Value | $789,784 |
| Average Home Value | $816,099 |
Housing Distribution
Address Breakdown
Residential
16,195
Single Family
9,983
Multi-Family
6,212
Businesses
2,336
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