2544 N Watts St, Portland, OR, 97217 | 3.99% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2544 N Watts St, Portland, OR, 97217 | 3.99% 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 2544 N Watts St, Portland, OR, 97217 generates $2,160/mo in rent, after a $3,181/mo payment. Total monthly income is $2,160/mo. Return on cash invested sits at 10.17% in year one, and rental yield is 3.99% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 50.36% and total cumulative return in cash sums $107,702. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.

Single Family

Built in 1912

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Endless possibilities await at this 1912 N Portland Farmhouse on a fabulous 8300 sqft lot. Situated behind a street line of Japanese plum trees, the beautifully landscaped gardens provide a private, serene and sensational park-like setting. The property offers a 2-car garage and a covered, zen patio surrounded by grape leaves. Inside, original vintage charm awaits. At some point in its 113-year life, what was once originally a 2-bedroom main floor became a single 11 X 20 bedroom. Bring your vision and return to the original 2-bedroom layout with what is thought to be pine floors underneath the carpet. An 800 sqft basement with a full bathroom and private entrance is the cherry on top. Notable high ceilings, sweet breakfast nook, vinyl windows, new Furnace and AC in 2021 and new Water Heater in 2024. Get the full picture in-person as the home is owner occupied with no interior photos at this time. Also a Development Opportunity with a 83 X 100 Lot and 3 underlying lot lines. Possible Cottage Cluster or keep the existing home and develop two 25 X 100 Lots. Multiple options for this fabulous property!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97217, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,848 (100%)
Owner Occupied HU	9,409 (49.9%)
Renter Occupied HU	7,480 (39.7%)
Vacant Housing Units	1,959 (10.4%)
Median Home Value	$604,473
Average Home Value	$613,107