6625 W Burnside St UNIT 242, Portland, OR, 97210 | $525/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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6625 W Burnside St UNIT 242, Portland, OR, 97210 | $525/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 6625 W Burnside St UNIT 242, Portland, OR, 97210 listed at $220,000 pairs $1,853/mo rent with a $1,077/mo payment to leave $525/mo cash flow. Total monthly income runs $1,853/mo, and annual cash flow reaches $6,298/yr on $72,930 cash to close. Return on cash invested measures 28.54% in year one, and rental yield registers 10.11% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 148.94% and total cumulative return in cash totals $108,623. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,853/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1996

N/A lot

$N/A/sqft

No HOA

More details about the property

The Quintet is a gated condo community located in Washington County with a quick commute to Downtown Portland or the Sunset Corridor with public transportation available almost at your front door. Not only is The Quintet conveniently located, it also offers privacy and a variety of amenities to enjoy year round. This one bedroom, one bath unit is light and bright and offers a large deck for outdoor enjoyment. The condo is located on the 4th floor in Building #2--Dogwood. There are two reserved parking spaces--one inside the secure garage and an additional reserved space outside. The Quintet offers a clubhouse with a meeting room, library, a space for private gatherings, an indoor swimming pool and spa, exercise and weight room and tennis courts. All this, plus an on site manager. The grounds are well maintained and you feel like you are away from it all. Don't miss this opportunity to make this your home.