4949 N Willamette Blvd, Portland, OR, 97203 | $797/mo Cash Flow

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4949 N Willamette Blvd, Portland, OR, 97203 | $797/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 4949 N Willamette Blvd, Portland, OR, 97203 offers a 8.89% rental yield on a $579,998 purchase with $4,298/mo rent. Total monthly income registers $4,298/mo, and a $2,839/mo payment leaves $797/mo available for distribution. Annual cash flow reaches $9,562/yr on $190,819 to close, and return on cash invested stands at 25.07% in year one. Equity gained on principal adds $3,743/yr while 5% annual appreciation supports $160,243 over five years. Portfolio math shows five-year ROI at 130.28% and total cumulative return in cash at $248,600. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,298/mo property income against a $2,839/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1941

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Opportunity knocks in University Park! Perfectly positioned on a corner lot directly across from the University of Portland and Merlo Field, this spacious and versatile 7-bedroom, 3-bathroom home offers endless potential. Whether you're looking for a solid long-term investment, multigenerational living or simply more room to live and grow. The main floor blends timeless character with comfort, featuring newly refinished hardwood floors and a welcoming living room centered around a classic fireplace. The kitchen offers a built-in microwave, free-standing range and a breakfast nook, plus a separate dining area for larger gatherings. Two bedrooms and a full bath with a tub/shower combo complete the main level. Upstairs, you'll find two additional bedrooms and a second full bath with a walk-in shower. The finished basement adds even more flexibility, with three more bedrooms, a third full bath and a laundry area with newer washer and dryer. The layout is ideal for providing both space and privacy for a variety of living situations. Outside, enjoy a partially fenced backyard ready for summer hangouts, a detached garage and paved adjacent parking. Updates include a newer roof and windows (approx. 2017) and water heater with a tank booster. Situated between St. Johns, Portsmouth and Kenton with easy access to New Seasons, Willamette River, local restaurants, parks, Astor K-8 and Roosevelt High. This is North Portland potential at its best! [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239316]

Neighborhood Data

Neighborhood data shown for ZIP Code: 97203, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,538 (100%)
Owner Occupied HU	7,019 (51.8%)
Renter Occupied HU	5,754 (42.5%)
Vacant Housing Units	765 ( 5.7%)
Median Home Value	$555,551
Average Home Value	$589,368