2522 NW Miller Rd #22, Portland, OR, 97229 | $335/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

2522 NW Miller Rd #22, Portland, OR, 97229 | $335/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1412 sft

65 SW Frenwood Way, Beaverton, OR, 97005

3 Bed
2 Bath
1822 sft

17350 SW Finnigan Hill Rd, Hillsboro, OR, 97123

3 Bed
3 Bath
1597 sft

16664 SW Jean Louise Rd, Tigard, OR, 97223

3 Bed
3 Bath
1597 sft

13918 SW River Terrace Blvd, Tigard, OR, 97223

Nearby investment properties with comparable prices

2 Bed
2 Bath
1188 sft

6769 NE Rosebay Dr, Hillsboro, OR, 97124

3 Bed
3 Bath
1890 sft

200 E 3rd St, Newberg, OR, 97132

3 Bed
3 Bath
1871 sft

6260 SW 208th Ter, Beaverton, OR, 97078

3 Bed
2 Bath
1251 sft

4920 SW Butternut Pl, Beaverton, OR, 97078

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Portland at 2522 NW Miller Rd #22, Portland, OR, 97229 listed at $490,000 pairs $3,292/mo rent with a $2,398/mo payment to leave $335/mo cash flow. Total monthly income runs $3,292/mo, and annual cash flow reaches $4,015/yr on $162,435 cash to close. Return on cash invested measures 22.38% in year one, and rental yield registers 8.06% at a $490,000 basis. Equity gained on principal adds $3,162/yr, and annual property appreciation at 5% supports $135,378 by year five. Five-year ROI tracks 115.9% and total cumulative return in cash totals $188,256. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,292/mo property income relative to a $2,398/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2001

N/A lot

$N/A/sqft

No HOA

More details about the property

Nestled in Portlands desirable Northwest Heights neighborhood, 2522 NW Miller Rd #22 is a beautifully maintained freestanding condominium within the Mill Creek Homes community, offering the comfort of a home with the convenience of HOA-managed living. Built in 2001, this 1,455-square-foot home features 3 bedrooms, 2.5 bathrooms, and an open, light-filled floor plan designed for both functionality and style. The main level showcases high ceilings, a welcoming living area centered around a cozy gas fireplace, and a dining space that seamlessly connects to a private patioperfect for outdoor entertaining or quiet relaxation. The kitchen is thoughtfully appointed with granite-tile counters, ample cabinetry, and a practical layout ideal for everyday living. Upstairs, the primary suite includes a luxurious jetted tub, creating a serene retreat, while two additional bedrooms provide flexibility for family, guests, or home office needs. Additional highlights include forced-air heating, central air conditioning, and a spacious two-car garage providing secure parking and extra storage. A covered front porch and peaceful setting surrounded by the natural beauty of Forest Park enhance the homes curb appeal and tranquility. Residents enjoy access to highly rated schoolsForest Park Elementary, West Sylvan Middle, and Lincoln Highplus nearby parks, trails, and convenient transit options. HOA amenities include exterior maintenance and common area upkeep, allowing homeowners to focus on enjoying their home and neighborhood. New furnace/AC (2021) & water heater (2020). With an exceptional combination of comfort, location, and low-maintenance living, this move-in-ready home is a gem for owner-occ or investment. It won't last long!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97229, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	28,595 (100%)
Owner Occupied HU	19,842 (69.4%)
Renter Occupied HU	7,682 (26.9%)
Vacant Housing Units	1,071 ( 3.7%)
Median Home Value	$780,837
Average Home Value	$818,718