2448 SE 117th AvePortlandOR97216
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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 2448 SE 117th Ave, Portland, OR, 97216 generates $2,155/mo in rent, after a $7,219/mo payment. Total monthly income is $2,155/mo. Return on cash invested sits at 3.43% in year one, and rental yield is 1.75% on a $1,475,000 entry. Equity gained on principal adds $9,518/yr, while 5% annual appreciation builds toward $407,515 over five years. Five-year ROI reaches 14.15% and total cumulative return in cash sums $67,630. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,155/mo property income rather than buyer’s personal income.
Multi Family
Built in 2004
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97216, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,003 (100%) |
| Owner Occupied HU | 3,405 (48.6%) |
| Renter Occupied HU | 3,225 (46.1%) |
| Vacant Housing Units | 373 ( 5.3%) |
| Median Home Value | $487,734 |
| Average Home Value | $579,752 |
Housing Distribution
Address Breakdown
Residential
6,888
Single Family
5,892
Multi-Family
996
Businesses
534
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