6901 SE Oaks Park Way SLIP 17, Portland, OR, 97202 | 4.78% Rental Yield

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6901 SE Oaks Park Way SLIP 17, Portland, OR, 97202 | 4.78% Rental Yield | 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

Rental property for sale in Portland at 6901 SE Oaks Park Way SLIP 17, Portland, OR, 97202 generates $4,979/mo in rent, after a $6,118/mo payment. Total monthly income is $4,979/mo. Return on cash invested sits at 12.77% in year one, and rental yield is 4.78% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 64.23% and total cumulative return in cash sums $260,149. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,979/mo property income rather than buyer’s personal income.

Single Family

Built in 1999

3,740 sqft lot

$N/A/sqft

No HOA

More details about the property

Live the dream of waterfront living in a stunning floating home designed by Soderstrom Architects in 1999. Oregon Yacht Club is a premiere floating home community located on the Willamette River in the Sellwood neighborhood just minutes from downtown Portland by either boat, bike path or street travel. On the market for the first time, this one owner home has been lovingly lived in and maintained by its original owners. This one of a kind floating home features warm hemlock paneled ceilings evoking the sensation of high end on-the-water living, complimented by floor to solar ceiling windows with views of the natural wildlife of Ross Island and Portland's west hills. A chef's kitchen includes walls of storage, a six burner 5 Star professional gas range, granite counters and custom finishes. Features you will love in this home include separate spaces for your personal office, two outbuildings providing space for your studio, gear storage and projects. This home includes a spacious bedroom on the main floor plus a separate laundry/utility room which is always popular in floating home lifestyles. Details that make on-the-water living comfortable include central heat & AC, built-in vacuum cleaner, a whole home water filter (even though the community is served by delicious Portland Public Water from Bull Run source), hardwood floors, a copper roof,galvanized steel siding, 220 voltage power in both studios, two outside decks for your pleasure: one on the main dock side and a large one on the river side. Large wall spaces for your art installations and tall ceilings are significant aspects of this floating home. The decks have a concrete top coat for maintenance free enjoyment and a galvanized steel beam & log construction of the float. Oregon Yacht Club is a historic moorage with 39 floating homes plus 8 acres of uplands, secure parking, pet friendly and priceless views.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97202, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	20,943 (100%)
Owner Occupied HU	9,458 (45.2%)
Renter Occupied HU	9,812 (46.9%)
Vacant Housing Units	1,673 ( 8.0%)
Median Home Value	$708,778
Average Home Value	$749,176