2127 NW Irving St APT 202, Portland, OR, 97210 | $689/mo Cash Flow

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2127 NW Irving St APT 202, Portland, OR, 97210 | $689/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 2127 NW Irving St APT 202, Portland, OR, 97210 offers a 9.75% rental yield on a $330,000 purchase with $2,681/mo rent. Total monthly income registers $2,681/mo, and a $1,615/mo payment leaves $689/mo available for distribution. Annual cash flow reaches $8,271/yr on $109,395 to close, and return on cash invested stands at 27.47% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,173 over five years. Portfolio math shows five-year ROI at 143.22% and total cumulative return in cash at $156,671. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,681/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1907

N/A lot

$N/A/sqft

No HOA

More details about the property

OPEN SUN 2-4 | Corner unit in a beautiful building, just off 21st St, in the heart of the vibrant Alphabet District! 2BD + 1BA + Assigned Parking Space + Secured Storage (9x4)! This corner unit is full of charm (millwork, tile floor), lives big (high ceilings!), gets flooded with natural light (Southern exposure) and features tasteful updates with preserved original details. Updated kitchen in 2025 (new cabinets, dishwasher and sink), new carpet (with hardwood floors underneath), loads of built-ins! Standalone A/C unit included. Front porch AND lovely private balcony space off the living room. The assigned parking space is off street and a huge convenience, considering the WalkScore is 98 (Walkers Paradise), Transit Score 70 (Excellent transit) and Bike Score 98 (Biker's paradise). Assigned Storage room (9'x4' with finished walls, concrete floor and locking door). The building itself offers wonderful amenities: double gates (updated secured access with Fob and app for both gates), laundry room (FREE to residents and equipped with new machines!), secured bike storage (with maintenance station). Reasonable HOA fee (includes water, sewer, trash & laundry!). Rental cap NOT met (30 days minimum). Pet friendly. All just a block away from dining, coffee shops, shops, grocery stores, park, movie theater and all that nearby 23rd offers. A must see!