2606 NW Kennedy CtPortlandOR97229
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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 2606 NW Kennedy Ct, Portland, OR, 97229 priced at $459,000 converts $3,448/mo rent into after a $2,247/mo obligation. Total monthly income equals $3,448/mo. Return on cash invested prints 18.75% in year one, and rental yield reads 9.01% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 98.78% and total cumulative return in cash sums $150,299. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,448/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Townhouse
Built in 2003
N/A lot
$N/A/sqft
$618 monthly HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
28,709
Single Family
26,480
Multi-Family
2,229
Businesses
508
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $459,000 |
| 2025-03-11 | Listing removed | $2,495 |
| 2025-03-07 | Listed for rent | $2,495 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $6927.92 | 3.97% | $259,240 | 3.00% |
| 2023-03-26 | $6663.16 | 2.21% | $251,690 | 3.00% |
| 2022-03-26 | $6518.86 | 11.56% | $244,360 | 3.00% |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 2003
- Architectural Style: N/A
- Building Area: 1,627
- Living Area: 1,627 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Forced Air
- Cooling: Central Air
- Flooring: Wall to Wall Carpet
- Interior Features: High Ceilings, Wainscoting, Ceiling Fan(s), Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Driveway, Attached, Tandem
Location
HOA & Fees
- HOA Fee: $618 monthly
- Association Fee: $547 monthly
- Fees & Dues: N/A
- Association Amenities: Exterior Maintenance, Front Yard Landscaping, Insurance, Sewer, Snow Removal, Water
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Forest Park
- Middle School: West Sylvan
- High School: Lincoln
Listed by: Debi Sawyier • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #521418587
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-03-26 12:21:01 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.