255 SW Harrison St APT 1BPortlandOR97201
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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 255 SW Harrison St APT 1B, Portland, OR, 97201 priced at $235,000 converts $1,610/mo rent into $192/mo cash flow after a $1,150/mo obligation. Total monthly income equals $1,610/mo, and annual cash flow totals $2,301/yr on $77,903 invested. Return on cash invested prints 22.86% in year one, and rental yield reads 8.22% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 118.49% and total cumulative return in cash sums $92,308. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,610/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97201, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,508 (100%) |
| Owner Occupied HU | 2,911 (23.3%) |
| Renter Occupied HU | 8,009 (64.0%) |
| Vacant Housing Units | 1,588 (12.7%) |
| Median Home Value | $828,638 |
| Average Home Value | $952,897 |
Housing Distribution
Address Breakdown
Residential
12,544
Single Family
2,391
Multi-Family
10,153
Businesses
666
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