6824 N Seneca StPortlandOR97203
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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 6824 N Seneca St, Portland, OR, 97203 with 5% annual appreciation on a $524,900 basis while $4,298/mo rent supports operations. Total monthly income totals $4,298/mo and a $2,569/mo payment preserves $1,130/mo for cash returns. Annual cash flow comes to $13,557/yr on $172,692 deployed, and return on cash invested reaches 27.91% in year one. Equity gained on principal adds $3,387/yr, and five-year appreciation sums $145,020 alongside rental yield of 9.83%. Five-year ROI measures 145.51% and total cumulative return in cash totals $251,281.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,298/mo property income versus a $2,569/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2023
2,613 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 97203, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,538 (100%) |
| Owner Occupied HU | 7,019 (51.8%) |
| Renter Occupied HU | 5,754 (42.5%) |
| Vacant Housing Units | 765 ( 5.7%) |
| Median Home Value | $555,551 |
| Average Home Value | $589,368 |
Housing Distribution
Address Breakdown
Residential
13,272
Single Family
11,821
Multi-Family
1,451
Businesses
668
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Listed for sale | $524,900 |
| 2023-07-14 | Sold | $479,900 |
| 2023-06-23 | Pending sale | $479,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $1658.27 | -55.94% | $62,580 | -55.60% |
| 2022-10-18 | $3763.70 | 1.72% | $140,950 | 3.00% |
| 2021-10-18 | $3700.11 | 9.01% | $136,850 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2023
- Architectural Style: Contemporary
- Building Area: 1,734
- Living Area: 1,734 sqft
- Property Condition: Approximately
Features & Amenities
- Heating: Forced Air 95 Plus, Fireplace(s)
- Cooling: Central Air
- Flooring: Engineered Hardwood, Wall to Wall Carpet
- Interior Features: Ceiling Fan(s), High Ceilings, Quartz, Closet Organizer, Suite
- Exterior Features: N/A
- Parking Features: Driveway, Off Street
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved
School Information
- Elementary School: James John
- Middle School: George
- High School: Roosevelt
Listed by: Ryan Smith • Knipe Realty ERA Powered
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24153056
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-18 01:29:17 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.