6115 NE Multnomah St #6PortlandOR97213
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Portland at 6115 NE Multnomah St #6, Portland, OR, 97213 uses $59,637 cash to close to unlock $6,619/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $1,638/mo, and a $881/mo payment keeps the spread at $552/mo. Purchase price stands at $179,900, and rental yield measures 10.93% with $1,638/mo rent. Return on cash invested shows 31.01% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 162.2% and total cumulative return in cash records $96,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,638/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97213, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,807 (100%) |
| Owner Occupied HU | 8,301 (56.1%) |
| Renter Occupied HU | 5,783 (39.1%) |
| Vacant Housing Units | 723 ( 4.9%) |
| Median Home Value | $652,732 |
| Average Home Value | $687,578 |
Housing Distribution
Address Breakdown
Residential
14,217
Single Family
12,496
Multi-Family
1,721
Businesses
1,045
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices