2324 NE Thompson StPortlandOR97212
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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 2324 NE Thompson St, Portland, OR, 97212 generates $5,911/mo in rent, after a $5,996/mo payment. Total monthly income is $5,911/mo. Return on cash invested sits at 15.88% in year one, and rental yield is 5.79% on a $1,225,000 entry. Equity gained on principal adds $7,905/yr, while 5% annual appreciation builds toward $338,445 over five years. Five-year ROI reaches 80.96% and total cumulative return in cash sums $321,336. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,911/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97212, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,122 (100%) |
| Owner Occupied HU | 6,704 (55.3%) |
| Renter Occupied HU | 4,723 (39.0%) |
| Vacant Housing Units | 695 ( 5.7%) |
| Median Home Value | $851,100 |
| Average Home Value | $909,403 |
Housing Distribution
Address Breakdown
Residential
11,276
Single Family
9,524
Multi-Family
1,752
Businesses
771
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