2615 NE 63rd AvePortlandOR97213
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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 2615 NE 63rd Ave, Portland, OR, 97213 generates $3,899/mo in rent, after a $3,270/mo payment. Total monthly income is $3,899/mo. Return on cash invested sits at 19.33% in year one, and rental yield is 7% on a $668,000 entry. Equity gained on principal adds $4,311/yr, while 5% annual appreciation builds toward $184,556 over five years. Five-year ROI reaches 99.51% and total cumulative return in cash sums $218,701. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,899/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97213, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,807 (100%) |
| Owner Occupied HU | 8,301 (56.1%) |
| Renter Occupied HU | 5,783 (39.1%) |
| Vacant Housing Units | 723 ( 4.9%) |
| Median Home Value | $652,732 |
| Average Home Value | $687,578 |
Housing Distribution
Address Breakdown
Residential
14,217
Single Family
12,496
Multi-Family
1,721
Businesses
1,045
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