3512 NE Grand Ave, Portland, OR, 97212 | $877/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3512 NE Grand Ave, Portland, OR, 97212 | $877/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 3512 NE Grand Ave, Portland, OR, 97212 listed at $590,000 pairs $4,439/mo rent with a $2,888/mo payment to leave $877/mo cash flow. Total monthly income runs $4,439/mo, and annual cash flow reaches $10,529/yr on $194,110 cash to close. Return on cash invested measures 25.48% in year one, and rental yield registers 9.03% at a $590,000 basis. Equity gained on principal adds $3,807/yr, and annual property appreciation at 5% supports $163,006 by year five. Five-year ROI tracks 132.51% and total cumulative return in cash totals $257,224. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,439/mo property income relative to a $2,888/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 2000

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Live in the heart of it all with this well-maintained duplex, just steps from some of NE Portland's most popular neighborhoods. This property is in excellent, turnkey condition and features a number of recent upgrades, making it an ideal investment opportunity. This duplex has been thoughtfully updated, with a new 35-year roof installed in 2023, a complete PEX plumbing supply line replacement in 2022, and new cadet wall heaters with digital thermostats in 2024. Each unit also has a newer washer and dryer. Located in a quiet spot but with a 94 Walk Score and a 99 Bike Score, this is a truly convenient place to live. Tenants can easily access Irving Park, the Williams District, the Sabin neighborhood, and Alberta Arts districts. The property also offers ample off-street parking, with at least one assigned space per unit and room for additional vehicles. Landlord expenses are low with the only utility paid for is garbage collection as the water/sewer are individually metered. This duplex is a great find for anyone seeking a low-maintenance property with modern amenities in a highly desirable area.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97212, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,122 (100%)
Owner Occupied HU	6,704 (55.3%)
Renter Occupied HU	4,723 (39.0%)
Vacant Housing Units	695 ( 5.7%)
Median Home Value	$851,100
Average Home Value	$909,403