6613 SW 88th AvePortlandOR97223
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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
Rental property for sale in Portland at 6613 SW 88th Ave, Portland, OR, 97223 generates $3,138/mo in rent, after a $5,286/mo payment. Total monthly income is $3,138/mo. Return on cash invested sits at 8.78% in year one, and rental yield is 3.49% on a $1,079,998 entry. Equity gained on principal adds $6,969/yr, while 5% annual appreciation builds toward $298,384 over five years. Five-year ROI reaches 42.83% and total cumulative return in cash sums $149,872. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,138/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97223, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,295 (100%) |
| Owner Occupied HU | 12,157 (57.1%) |
| Renter Occupied HU | 8,235 (38.7%) |
| Vacant Housing Units | 903 ( 4.2%) |
| Median Home Value | $644,163 |
| Average Home Value | $668,731 |
Housing Distribution
Address Breakdown
Residential
20,942
Single Family
17,937
Multi-Family
3,005
Businesses
1,980
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