3000 NE 89th AvePortlandOR97220
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 3000 NE 89th Ave, Portland, OR, 97220 in Portland deserves attention. This $300,000 property earns $2,999/mo in rent, a 12% gross yield, and nets $1,188/mo after the $1,349/mo payment. DSCR 2.22 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $82,884 compounds alongside $2,763/yr in yearly equity build, for a total cumulative return of $190,036.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 5.5% |
| Monthly Cash Flow | $1,188 | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,999 |
| Total Monthly Debt Service | $1,691 |
| DSCR Ratio | 1.77x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1953
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97220, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,747 (100%) |
| Owner Occupied HU | 6,482 (50.9%) |
| Renter Occupied HU | 5,582 (43.8%) |
| Vacant Housing Units | 683 ( 5.4%) |
| Median Home Value | $482,875 |
| Average Home Value | $534,171 |
Housing Distribution
Address Breakdown
Residential
12,065
Single Family
10,268
Multi-Family
1,797
Businesses
1,209
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
Single Family
Built in 1953
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97220, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,747 (100%) |
| Owner Occupied HU | 6,482 (50.9%) |
| Renter Occupied HU | 5,582 (43.8%) |
| Vacant Housing Units | 683 ( 5.4%) |
| Median Home Value | $482,875 |
| Average Home Value | $534,171 |
Housing Distribution
Address Breakdown
Residential
12,065
Single Family
10,268
Multi-Family
1,797
Businesses
1,209
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices