1902 NE 38th AvePortlandOR97212
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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
Investment property for sale in Portland at 1902 NE 38th Ave, Portland, OR, 97212 offers a 3.39% rental yield on a $1,075,000 purchase with $3,034/mo rent. 47% in year one. Equity gained on principal adds $6,937/yr while 5% annual appreciation supports $297,003 over five years. Portfolio math shows five-year ROI at 41.17% and total cumulative return in cash at $143,406. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,034/mo property income against a $5,262/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1927
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97212, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,122 (100%) |
| Owner Occupied HU | 6,704 (55.3%) |
| Renter Occupied HU | 4,723 (39.0%) |
| Vacant Housing Units | 695 ( 5.7%) |
| Median Home Value | $851,100 |
| Average Home Value | $909,403 |
Housing Distribution
Address Breakdown
Residential
11,276
Single Family
9,524
Multi-Family
1,752
Businesses
771
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