2020 SW Main St UNIT 403, Portland, OR, 97205 | $408/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2020 SW Main St UNIT 403, Portland, OR, 97205 | $408/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 2020 SW Main St UNIT 403, Portland, OR, 97205 listed at $199,990 pairs $1,615/mo rent with a $979/mo payment to leave $408/mo cash flow. Total monthly income runs $1,615/mo, and annual cash flow reaches $4,892/yr on $66,297 cash to close. Return on cash invested measures 27.29% in year one, and rental yield registers 9.69% at a $199,990 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,254 by year five. Five-year ROI tracks 142.24% and total cumulative return in cash totals $94,301. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,615/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1962

N/A lot

$N/A/sqft

No HOA

More details about the property

Stylish private corner unit with no shared bedroom walls along with nature views (rather than neighbors peering back at you) makes this the perfect condo to call home! And NEW kitchen countertops and floors, range, hood, dishwasher, microwave, interior paint, light fixtures, closet doors and heaters means this unit is move-in ready. Plus in-unit washer and dryer hooks up and a balcony helps create a relaxing environment. The small, quiet, chic building offers a unique open air atrium, secured entrance, elevator, laundry room, personal & bike storage, and allows pets with dog area across the street. With a walking score of 96 means restaurants, shops, groceries, bus and MAX lines, Providence Park, Washington Park and more are just outside of your door. HOA covers water, sewer and garbage. Street parking permit is $90.75/yr. Building is FHA approved.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97205, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,632 (100%)
Owner Occupied HU	1,213 (15.9%)
Renter Occupied HU	5,607 (73.5%)
Vacant Housing Units	812 (10.6%)
Median Home Value	$822,425
Average Home Value	$979,827