2415 NE 38th Ave UNIT APortlandOR97212
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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
Investment property for sale in Portland at 2415 NE 38th Ave UNIT A, Portland, OR, 97212 listed at $769,900 pairs $2,986/mo rent with a $3,768/mo payment. Total monthly income runs $2,986/mo. Return on cash invested measures 12.19% in year one, and rental yield registers 4.65% at a $769,900 basis. Equity gained on principal adds $4,968/yr, and annual property appreciation at 5% supports $212,709 by year five. Five-year ROI tracks 61.24% and total cumulative return in cash totals $155,125. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,986/mo property income relative to a $3,768/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1916
N/A 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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