5816 S Corbett Ave, Portland, OR, 97239 | 3.98% Rental Yield

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 5816 S Corbett Ave, Portland, OR, 97239 listed at $898,000 pairs $2,976/mo rent with a $4,395/mo payment. Total monthly income runs $2,976/mo. Return on cash invested measures 10.13% in year one, and rental yield registers 3.98% at a $898,000 basis. Equity gained on principal adds $5,795/yr, and annual property appreciation at 5% supports $248,101 by year five. Five-year ROI tracks 50.18% and total cumulative return in cash totals $148,244. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,976/mo property income relative to a $4,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1905

N/A lot

$N/A/sqft

No HOA

More details about the property

Significant price reduction on this updated Johns Landing home with a detatched permitted ADU. The home has been stunningly updated throughout including hardwood floors, floor to ceiling gas fireplace, tile, gourmet kitchen, spa like primary suite, HVAC, tankless water heater,central vac, 9 Energy Score & much more! The main floor has hardwood floors, living room with floor to ceiling gas fireplace, adjacent dining & kitchen complete with granite, tile, peninsula, and stainless appliances. The upper level boosts a primary suite with hard wood floors, sitting area, walk-in closet, tile, granite bath suite with steam shower, heated floors & towel bar, private balcony. You will also find the second bedroom. Lower level is a great opportunitty for more income with large family room, full bathroom, utility room & seperate entrance. The backyard oasis was professionally landscaped with palms, bamboo, stone pavers, stamped concrete, fire pit, planters, water feature, and lighting. The ADU was permitted & built in 2017 and has tremendous long term Airbnb history with over 130 reviews earning north of $24,000 annualy renting part time! All ADU items and furniture included in the purchase. Extra deep double garage with AV outlet can accommodate a boat as well as vehicle parking. The entire property is professionally landscaped with lighting and is fenced and gated. This oasis in the city would cost you thousands more to recreate! Located in Johns Landing thus walkable to shopping, restaurants, and recreational opportunities at nearby Willamette Park. This property is 10 minutes from the city center, with great proximity to transportation including streetcar, tram, Max, bus and freeway access. Near OHSU, Doernbecher, and VA with their 100s of employees many wanting to rent nearby. Finished lower level with full bath has seperate entrance offering more income potentional.Seller will buy down interest rate. Dont wait for a lower rate. Schedule a tour today.