4046 NW Riggs DrPortlandOR97229
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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
Investment Highlights
Rental property for sale in Portland at 4046 NW Riggs Dr, Portland, OR, 97229 offers $4,156/mo rent that, after a $4,354/mo payment. Total monthly income is $4,156/mo. Return on cash invested measures 11.89% in year one, and rental yield stands at 5.61% at a $889,500 entry. Equity gained on principal adds $5,740/yr while 5% annual appreciation compounds into $245,752 by year five. Five-year ROI records 60.76% and total cumulative return in cash reaches $177,819. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,156/mo property income versus a $4,354/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
7,405 sqft lot
$N/A/sqft
$248 quarterly HOA
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 |
Housing Distribution
Address Breakdown
Residential
28,709
Single Family
26,480
Multi-Family
2,229
Businesses
508
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Listed by: Lee Davies • ELEETE Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24587450
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 2024-10-17 12:19:08 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.