2211 SW Park Pl UNIT 202, Portland, OR, 97205 | $304/mo Cash Flow

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2211 SW Park Pl UNIT 202, Portland, OR, 97205 | $304/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 2211 SW Park Pl UNIT 202, Portland, OR, 97205 uses $111,052 cash to close to unlock $3,642/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $2,326/mo, and a $1,640/mo payment keeps the spread at $304/mo. Purchase price stands at $334,999, and rental yield measures 8.33% with $2,326/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 120.24% and total cumulative return in cash records $133,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,326/mo property income covering a $1,640/mo payment rather than investor’s personal income.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Come see this beautifully updated 2nd floor condo with modern mid-century vibe! Enjoy north and east facing views of trees and neighboring gardens from the living room, dining room and private balcony. Amazing views of the city and mountains from the roof top deck. Open floor plan with updated kitchen cabinets, granite countertops, and stainless steel appliances! Whole interior of the condo was repainted in 2024. This home features minisplits which provide effective and energy efficient AC and heating. Other upgrades include Miele in-unit washer and dryer, custom built-in buffet cabinet, custom lighting, and a large pantry. Primary suite has an adjoining bathroom and walk-in closet. Just a short walk to shops, restaurants, Zupan's and more along NW 23rd Ave's historic Alphabet District. Easy access to public transportation, Portland Rose Garden, Portland Japanese Garden, Washington Park, Providence Park & just minutes drive to anywhere downtown. The HOA covers water, sewer, trash, internet, cable, and the weight room. Open house from Noon-2 PM on Sunday Oct 5th!

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