2516 NE Clackamas StPortlandOR97232
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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 2516 NE Clackamas St, Portland, OR, 97232 generates $5,536/mo in rent and, after a $4,065/mo payment, leaves $256/mo in cash flow. Total monthly income is $5,536/mo, and annual cash flow is $3,067/yr on $273,267 invested. Return on cash invested sits at 21.18% in year one, and rental yield is 8% on a $830,600 entry. Equity gained on principal adds $5,360/yr, while 5% annual appreciation builds toward $229,479 over five years. Five-year ROI reaches 109.86% and total cumulative return in cash sums $300,219. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,536/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97232, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,249 (100%) |
| Owner Occupied HU | 2,321 (20.6%) |
| Renter Occupied HU | 7,612 (67.7%) |
| Vacant Housing Units | 1,316 (11.7%) |
| Median Home Value | $797,817 |
| Average Home Value | $837,145 |
Housing Distribution
Address Breakdown
Residential
10,404
Single Family
3,715
Multi-Family
6,689
Businesses
1,358
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