18345 NE Glisan St UNIT 2PortlandOR97230
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.69, 18345 NE Glisan St UNIT 2, Portland, OR, 97230 in Portland sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 9.15%. The 9.15% yield is backed by 5% annual appreciation projecting $30,944 in value gain, plus $1,032/yr in principal reduction.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 5.5% |
| Monthly Cash Flow | $(797) | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $854 |
| Total Monthly Debt Service | $1,606 |
| DSCR Ratio | 0.53x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Manufactured
Built in 1996
N/A lot
$N/A/sqft
$975 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
Manufactured
Built in 1996
N/A lot
$N/A/sqft
$975 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
Listed by: L. J. Thomas • Berkshire Hathaway HomeServices NW Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24045195
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 2025 RMLS, Portland, Oregon. This content last updated on 2025-07-18 12:54:04 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.