18989 NE Marine Dr UNIT 26PortlandOR97230
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
Investment Highlights
Investment property for sale in Portland at 18989 NE Marine Dr UNIT 26, Portland, OR, 97230 uses $89,472 cash to close to unlock $9,178/yr annual cash flow and $765/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,321/mo payment keeps the spread at $765/mo. Purchase price stands at $269,900, and rental yield measures 10.64% with $2,394/mo rent. Return on cash invested shows 30.17% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 157.65% and total cumulative return in cash records $141,054. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1979
N/A lot
$N/A/sqft
No 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