2015 NW Flanders St APT 214PortlandOR97209
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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 2015 NW Flanders St APT 214, Portland, OR, 97209 uses $48,034 cash to close to unlock $3,235/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,144/mo, and a $709/mo payment keeps the spread at $270/mo. Purchase price stands at $144,900, and rental yield measures 9.47% with $1,144/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 138.78% and total cumulative return in cash records $66,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,144/mo property income covering a $709/mo payment rather than investor’s personal income.
Condo
Built in 1925
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
16,853
Single Family
1,039
Multi-Family
15,814
Businesses
1,615
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