2221 NE 122nd AvePortlandOR97230
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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
Rental property for sale in Portland at 2221 NE 122nd Ave, Portland, OR, 97230 generates $2,994/mo in rent and, after a $1,463/mo payment, leaves $1,190/mo in cash flow. Total monthly income is $2,994/mo, and annual cash flow is $14,277/yr on $99,085 invested. Return on cash invested sits at 34.32% in year one, and rental yield is 12.02% on a $298,900 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,581 over five years. Five-year ROI reaches 179.92% and total cumulative return in cash sums $178,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,994/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97230, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,103 (100%) |
| Owner Occupied HU | 8,699 (54.0%) |
| Renter Occupied HU | 6,495 (40.3%) |
| Vacant Housing Units | 909 ( 5.6%) |
| Median Home Value | $473,969 |
| Average Home Value | $499,367 |
Housing Distribution
Address Breakdown
Residential
15,969
Single Family
14,523
Multi-Family
1,446
Businesses
1,086
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Listed by: Vanessa Ong • eXp Realty, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24632120
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-17 19:04:28 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.