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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Portland at 3024 SE 59th Ave, Portland, OR, 97206 earns from $2,634/mo rent with a $2,690/mo payment. Total monthly income totals $2,634/mo. ROI tracks 15.52% on current figures, and rental yield reads 5.75% at a $549,500 purchase. Equity gained on principal adds $3,546/yr, and 5% annual appreciation supports $151,817 over five years. Five-year ROI reaches 79.1% and total cumulative return in cash sums $143,001. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,634/mo property income instead of your personal income.
Single Family
Built in 1948
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97206, Portland, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,651 (100%) |
| Owner Occupied HU | 12,687 (58.6%) |
| Renter Occupied HU | 7,718 (35.6%) |
| Vacant Housing Units | 1,246 ( 5.8%) |
| Median Home Value | $558,543 |
| Average Home Value | $578,741 |
Residential
21,916
Single Family
19,838
Multi-Family
2,078
Businesses
806
Date | Event | Price |
|---|---|---|
| 2024-09-26 | Price change | $549,500 |
| 2024-08-15 | Listed for sale | $565,000 |
| 2018-12-26 | Sold | $451,100 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $4826.20 | 2.21% | $182,130 | 3.00% |
| 2022-10-18 | $4721.78 | 1.72% | $176,830 | 3.00% |
| 2021-10-18 | $4641.79 | 9.01% | $171,680 | 3.00% |
Listed by: Beth Earnest • Earnest Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24529029
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 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-18 02:09:26 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.
