618 NW 12th Ave APT 404, Portland, OR, 97209 | $740/mo Cash Flow

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618 NW 12th Ave APT 404, Portland, OR, 97209 | $740/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 618 NW 12th Ave APT 404, Portland, OR, 97209 offers a 9.53% rental yield on a $389,000 purchase with $3,088/mo rent. Total monthly income registers $3,088/mo, and a $1,904/mo payment leaves $740/mo available for distribution. Annual cash flow reaches $8,879/yr on $128,954 to close, and return on cash invested stands at 26.79% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 139.56% and total cumulative return in cash at $179,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,088/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1996

N/A lot

$N/A/sqft

No HOA

More details about the property

Make your own way in this beautiful two bedroom condo at the Hoyt Commons, one of the original Pearl buildings. Top floor with private deck and city hills views. The space lives large and bright with 10 foot high ceilings and a wall of windows. Two bedrooms offer versatility to make this the perfect work from home space. New flooring and fresh paint throughout. Simple, functional kitchen for easy condo living. Secure parking and storage. Hoyt Commons has a recently updated building envelope, including siding, roof, doors, windows and decks. Make this your homebase while you travel to all the Pearl shops, dining and coffee. Just a few blocks from world famous Powells Books. Enjoy a morning walk to Tanner Springs park with your coffee and treat from French bakery, Nuvrei. Enjoy Peruvian dinner at Andina or grab some Thai street food at Khao San. Taste craft beer at 10 Barrell or Deschutes before catching a show at the Armory. The possibilities are endless for the Pearl District trailblazer in the Hoyt Commons #404!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97209, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,901 (100%)
Owner Occupied HU	2,761 (14.6%)
Renter Occupied HU	12,749 (67.5%)
Vacant Housing Units	3,391 (17.9%)
Median Home Value	$770,736
Average Home Value	$881,846