2988 Build Custom On Your Lot Plan, Portland: BUILD CUSTOM ON YOUR LOT, Portland, OR, 97229 | $139/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2988 Build Custom On Your Lot Plan, Portland: BUILD CUSTOM ON YOUR LOT, Portland, OR, 97229 | $139/mo Cash Flow | 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

Investment property for sale in Portland at 2988 Build Custom On Your Lot Plan, Portland: BUILD CUSTOM ON YOUR LOT, Portland, OR, 97229 offers a 7.58% rental yield on a $495,500 purchase with $3,130/mo rent. Total monthly income registers $3,130/mo, and a $2,425/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,672/yr on $164,258 to close, and return on cash invested stands at 20.93% in year one. Equity gained on principal adds $3,197/yr while 5% annual appreciation supports $136,898 over five years. Portfolio math shows five-year ROI at 108.11% and total cumulative return in cash at $177,587. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,130/mo property income against a $2,425/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Build on a lot you own! Stepping into this new contemporary home, you're greeted by an open airy great room filled with natural light and large windows with a large kitchen and a walk-in pantry. The den makes a great home office or flex space. The upstairs primary suite is tranquil and will provide you with countless hours of peace and quiet. The 2 secondary bedrooms all share a hall bath, and a useful utility room is conveniently located on the upper level. The ground floor bonus room makes a great movie room with easy access to the covered deck. Price/Sqft: $165 Please note: Pricing does not include builder's fee, permits, plans, or land development

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