2702 SE 138th Ave APT 13PortlandOR97236
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 2702 SE 138th Ave APT 13, Portland, OR, 97236 in Portland achieves 1.88, rent of $1,392/mo covers the $741/mo payment 1.5x over at $164,900. Rental yield 10.13%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $45,559 over five years, with $1,519/yr in principal reduction bringing total projected return to $48,617.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 5.5% |
| Monthly Cash Flow | $(259) | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,392 |
| Total Monthly Debt Service | $1,586 |
| DSCR Ratio | 0.88x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
$630 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97236, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,986 (100%) |
| Owner Occupied HU | 7,379 (56.8%) |
| Renter Occupied HU | 5,061 (39.0%) |
| Vacant Housing Units | 546 ( 4.2%) |
| Median Home Value | $482,013 |
| Average Home Value | $519,562 |
Housing Distribution
Address Breakdown
Residential
13,864
Single Family
13,081
Multi-Family
783
Businesses
392
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1974
N/A lot
$N/A/sqft
$630 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97236, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,986 (100%) |
| Owner Occupied HU | 7,379 (56.8%) |
| Renter Occupied HU | 5,061 (39.0%) |
| Vacant Housing Units | 546 ( 4.2%) |
| Median Home Value | $482,013 |
| Average Home Value | $519,562 |
Housing Distribution
Address Breakdown
Residential
13,864
Single Family
13,081
Multi-Family
783
Businesses
392
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices