20 NW 16th Ave APT 8, Portland, OR, 97209 | $242/mo Cash Flow

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20 NW 16th Ave APT 8, Portland, OR, 97209 | $242/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Portland at 20 NW 16th Ave APT 8, Portland, OR, 97209 listed at $155,000 pairs $1,178/mo rent with a $759/mo payment to leave $242/mo cash flow. Total monthly income runs $1,178/mo, and annual cash flow reaches $2,904/yr on $51,383 cash to close. Return on cash invested measures 25.56% in year one, and rental yield registers 9.12% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 133.06% and total cumulative return in cash totals $68,368. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,178/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1927

N/A lot

$N/A/sqft

No HOA

More details about the property

LARGE PRICE CORRECTION! Charming downtown condo with classic style and prime Location! This beautifully preserved downtown condo is full of original charm and urban appeal. Refinished oak hardwood floors, meticulous crown molding, and classic tile accents create a warm, timeless atmosphere, while large windows fill the space with natural light. Modern updates include a new range, dishwasher, and a convenient in-unit laundry area.Located just moments from Portland State University, the Pearl District, Providence Park, Powells Books, Whole Foods, and Forest Park, this home puts the very best of Portland at your doorstep.The well-maintained building features a stunning lobby, elevator access, community bike storage, a personal storage unit, and no rental cap - an excellent opportunity for both homeowners and investors.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97209, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,901 (100%)
Owner Occupied HU	2,761 (14.6%)
Renter Occupied HU	12,749 (67.5%)
Vacant Housing Units	3,391 (17.9%)
Median Home Value	$770,736
Average Home Value	$881,846