6526 N Michigan Ave, Portland, OR, 97217 | $41/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

6526 N Michigan Ave, Portland, OR, 97217 | $41/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
2168 sft

2714 N Jessup St, Portland, OR, 97217

3 Bed
1 Bath
2786 sft

4114 N Colonial Ave, Portland, OR, 97217

3 Bed
2 Bath
2868 sft

5625 N Greeley Ave, Portland, OR, 97217

3 Bed
2 Bath
1850 sft

5704 N Greeley Ave, Portland, OR, 97217

Nearby investment properties with comparable prices

3 Bed
2 Bath
1366 sft

5938 SE Drake St, Hillsboro, OR, 97123

3 Bed
3 Bath
1914 sft

6303 SE Kensington St, Hillsboro, OR, 97123

3 Bed
2 Bath
1122 sft

180 SW 130th Ave, Beaverton, OR, 97005

4 Bed
4 Bath
2288 sft

13622 SW Crestline Ct, Tigard, OR, 97224

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Portland at 6526 N Michigan Ave, Portland, OR, 97217 offers a 7.34% rental yield on a $529,900 purchase with $3,240/mo rent. Total monthly income registers $3,240/mo, and a $2,594/mo payment leaves $41/mo available for distribution. Annual cash flow reaches $492/yr on $174,337 to close, and return on cash invested stands at 20.34% in year one. Equity gained on principal adds $3,419/yr while 5% annual appreciation supports $146,402 over five years. Portfolio math shows five-year ROI at 104.95% and total cumulative return in cash at $182,975. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,240/mo property income against a $2,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1954

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this meticulously maintained bungalow nestled in the heart of Portlands beloved Piedmont neighborhood. The inviting living room welcomes you with a cozy gas fireplace and gleaming hardwood floors, setting the tone for warmth and comfort. The thoughtfully updated kitchen is a chefs dream, featuring custom cherry wood cabinetry, granite countertops, a classic subway tile backsplash, and eco-friendly Marmoleum flooring. A butcher block breakfast bar adds charm and function, while premium appliancesincluding a Bertazzoni gas range and Viking French-door refrigeratorelevate the cooking experience. From the kitchen, flow seamlessly into the serene, fully fenced backyard with lush native landscaping, a spacious patio, and a beautifully crafted patio coverperfect for al fresco dining or relaxing in the shade. A backyard shed offers additional storage or workspace options. Downstairs, the basement includes a dedicated laundry area with washer and dryer, plus generous storage space to keep everything organized and out of sight. Upgrades include cedar shake siding, energy-efficient double-pane windows, fresh interior paint, a high-efficiency gas furnace, and central A/C (2024). Enjoy unbeatable access to Peninsula Park, New Seasons Market, and the vibrant shops and eateries of Mississippi Avenue and the Kenton neighborhood. Commuting is a breeze with nearby MAX lines and I-5 access.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97217, Portland, OR area.

Housing Distribution

Housing Statistics

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