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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% |
Rental property for sale in Portland at 601 N Tomahawk Island Dr, Portland, OR, 97217 priced at $499,000 converts $4,116/mo rent into after a $2,442/mo obligation. Total monthly income equals $4,116/mo. Return on cash invested prints 19.69% in year one, and rental yield reads 9.9% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 104.44% and total cumulative return in cash sums $172,758. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,116/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Townhouse
Built in 1972
N/A lot
$N/A/sqft
$825 monthly HOA
Neighborhood data shown for ZIP Code: 97217, Portland, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,848 (100%) |
| Owner Occupied HU | 9,409 (49.9%) |
| Renter Occupied HU | 7,480 (39.7%) |
| Vacant Housing Units | 1,959 (10.4%) |
| Median Home Value | $604,473 |
| Average Home Value | $613,107 |
Residential
18,497
Single Family
14,772
Multi-Family
3,725
Businesses
1,310
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Listed for sale | $499,000 |
| 2021-02-16 | Sold | $370,000 |
| 2021-01-08 | Pending sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-04 | $8551.22 | 14.57% | $323,150 | 3.00% |
| 2023-04-04 | $7463.91 | 0.97% | $313,740 | 3.00% |
| 2022-04-04 | $7391.89 | -2.34% | $304,610 | 3.00% |
Listed by: JoAnne Flood • Keller Williams Realty Portland Elite
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #451560214
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 2025 RMLS, Portland, Oregon. This content last updated on 2025-04-04 12:09:17 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.
