2309 SW 1st Ave, Portland, OR, 97201 | $564/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2309 SW 1st Ave, Portland, OR, 97201 | $564/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

Rental property for sale in Portland at 2309 SW 1st Ave, Portland, OR, 97201 generates $2,435/mo in rent and, after a $1,517/mo payment, leaves $564/mo in cash flow. Total monthly income is $2,435/mo, and annual cash flow is $6,769/yr on $102,765 invested. Return on cash invested sits at 26.5% in year one, and rental yield is 9.43% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 138% and total cumulative return in cash sums $141,811. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,435/mo property income rather than buyer’s personal income.

Condo

Built in 1980

N/A lot

$N/A/sqft

No HOA

More details about the property

Extremely well-maintained, spacious 2-bedroom, 2-full bath condo on the 11th floor with large balcony and panoramic views overlooking the City and West Hills. Experience urban luxury at its finest in Portland's Cultural District. Open kitchen with designer cabinets, open dining and living room with gas fireplace and built ins. Secured deeded parking and assigned storage unit. Fantastic location in South downtown near the Keller Auditorium, OHSU, PSU & the Waterfront. MAX/Bus Lines border the complex and the Street Car is 2 blocks away! Outstanding Property Amenities include 24/7 Concierge, Indoor and Outdoor Pools, 2 Exercise Rooms, 2 Meeting/Party Rooms, 2 Locker Rooms, 3 Saunas & 53 Guest Parking Spaces! Beautifully Updated & Maintained Plaza Level. Pet Friendly Complex. HOA Fee includes Xfinity Cable Package, Internet, Sewer, Water, Garbage and access to many property amenities! All appliances stay. No rental cap.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97201, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,508 (100%)
Owner Occupied HU	2,911 (23.3%)
Renter Occupied HU	8,009 (64.0%)
Vacant Housing Units	1,588 (12.7%)
Median Home Value	$828,638
Average Home Value	$952,897

Housing Distribution

Address Breakdown

Residential

12,544

Single Family

2,391

Multi-Family

10,153

Businesses

666

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

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2 Bed
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830 SW Broadway Dr APT 8, Portland, OR, 97201

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851 SW Broadway Dr APT 51, Portland, OR, 97201

3 Bed
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6125 SW 32nd Ave, Portland, OR, 97239

Nearby investment properties with comparable prices

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3 Bed
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120 Alder St, Dayton, OR, 97114

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4460 SW Scholls Ferry Rd APT 20, Portland, OR, 97225

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1980
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Deeded, Off Street, Garage Door Opener, Condo Garage (Deeded), Attached

Location

City: Portland
State: OR
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Kathleen McVicker • Kelly Right Real Estate of Portland, LLC

Mls Name: RMLS (OR)

Mls ID: #565818602

2309 SW 1st Ave,Portland,OR,97201

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

2309 SW 1st AvePortlandOR97201