2433 NE Saratoga St, Portland, OR, 97211 | 7.16% Rental Yield

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2433 NE Saratoga St, Portland, OR, 97211 | 7.16% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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 2433 NE Saratoga St, Portland, OR, 97211 generates $2,976/mo in rent, after a $2,442/mo payment. Total monthly income is $2,976/mo. Return on cash invested sits at 19.65% in year one, and rental yield is 7.16% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 101.27% and total cumulative return in cash sums $167,514. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,976/mo property income rather than buyer’s personal income.

Single Family

Built in 1981

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this delightful one-level gem nestled in the vibrant Concordia neighborhood. This 3-bedroom, 2-bathroom residence combines modern comfort with classic charm, offering an inviting and functional living space. Step into a generous, light-filled living room featuring large windows that invite plenty of natural light. The floor plan seamlessly connects to the dining area, making it perfect for both everyday living and entertaining. Enjoy preparing meals in the functional kitchen with stainless steel appliances, hot water dispenser, and ample cabinetry. The three bedrooms are thoughtfully designed for relaxation and privacy. The primary suite includes an en-suite bathroom and a double closet, while the additional two bedrooms offer plenty of space and versatility, ideal for guests, a home office, or a growing family. Step outside to a well-maintained backyard, perfect for summer barbecues or simply unwinding in the fresh air. The outdoor space includes a patio area and lush, low-maintenance landscaping. The home also features a detached office/workshop complete with laminate flooring and a mini-split. The attached garage provides convenience, additional storage options and a Tesla car charging station. This home also features a tankless water heater, outdoor security cameras, and many modern smart home features. Close to local parks, schools including the University of Oregon Portland campus, and shopping, offering the perfect blend of convenience and community. Dont miss the opportunity to make this charming residence your own! [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10231595]

Neighborhood Data

Neighborhood data shown for ZIP Code: 97211, Portland, OR area.

Housing Distribution

Housing Statistics

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