6437 NE 38th AvePortlandOR97211
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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
Investment Highlights
Investment property for sale in Portland at 6437 NE 38th Ave, Portland, OR, 97211 offers a 11.79% rental yield on a $599,700 purchase with $5,890/mo rent. Total monthly income registers $5,890/mo, and a $2,935/mo payment leaves $2,182/mo available for distribution. Annual cash flow reaches $26,183/yr on $197,301 to close, and return on cash invested stands at 33.33% in year one. Equity gained on principal adds $3,870/yr while 5% annual appreciation supports $165,686 over five years. Portfolio math shows five-year ROI at 174.77% and total cumulative return in cash at $344,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,890/mo property income against a $2,935/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97211, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,922 (100%) |
| Owner Occupied HU | 8,665 (58.1%) |
| Renter Occupied HU | 5,347 (35.8%) |
| Vacant Housing Units | 910 ( 6.1%) |
| Median Home Value | $657,029 |
| Average Home Value | $686,430 |
Housing Distribution
Address Breakdown
Residential
13,977
Single Family
12,999
Multi-Family
978
Businesses
1,099
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