1823 NE Multnomah StPortlandOR97232
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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 1823 NE Multnomah St, Portland, OR, 97232 priced at $264,900 converts $1,880/mo rent into $281/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,880/mo, and annual cash flow totals $3,367/yr on $87,814 invested. Return on cash invested prints 23.74% in year one, and rental yield reads 8.52% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 123.21% and total cumulative return in cash sums $108,200. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,880/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97232, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,249 (100%) |
| Owner Occupied HU | 2,321 (20.6%) |
| Renter Occupied HU | 7,612 (67.7%) |
| Vacant Housing Units | 1,316 (11.7%) |
| Median Home Value | $797,817 |
| Average Home Value | $837,145 |
Housing Distribution
Address Breakdown
Residential
10,404
Single Family
3,715
Multi-Family
6,689
Businesses
1,358
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