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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Portland at 23 NE Morgan St, Portland, OR, 97211 offers $5,392/mo rent that, after a $3,915/mo payment, leaves $564/mo cash flow. Total monthly income is $5,392/mo, and annual cash flow is $6,765/yr on $263,167 cash. Return on cash invested measures 22.63% in year one, and rental yield stands at 8.09% at a $799,900 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $220,998 by year five. Five-year ROI records 117.2% and total cumulative return in cash reaches $308,424. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,392/mo property income versus a $3,915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97211, Portland, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,922 (100%) |
| Owner Occupied HU | 8,665 (58.1%) |
| Renter Occupied HU | 5,347 (35.8%) |
| Vacant Housing Units | 910 ( 6.1%) |
| Median Home Value | $657,029 |
| Average Home Value | $686,430 |
Residential
13,977
Single Family
12,999
Multi-Family
978
Businesses
1,099
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bonnie Roseman • Living Room Realty
Mls Name: RMLS (OR)
Mls ID: #163243961
