705 N Alberta St, Portland, OR, 97217 | 5.59% Rental Yield

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705 N Alberta St, Portland, OR, 97217 | 5.59% 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 705 N Alberta St, Portland, OR, 97217 priced at $695,000 pairs $3,240/mo rent with after a $3,402/mo payment. Total monthly income equals $3,240/mo. Return on cash invested is 15.05% in year one, and rental yield stands at 5.59% on a $695,000 basis. Equity gained on principal adds $4,485/yr, and 5% annual appreciation accumulates to $192,016 by year five. Five-year ROI measures 76.53% and total cumulative return in cash reaches $174,990. For financing, Ziffy Mortgage’s DSCR program evaluates $3,240/mo property income against a $3,402/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1912

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Scrumptious Craftsman walking distance to Mississippi and Williams Neighborhoods! This home blends timeless architectural charm (picture rails, arches, fir hardwoods) with modern updates. The living room welcomes you with a cozy fireplace and when you see the updated kitchen you wont want to leave. The main level offers two spacious bedrooms divided by a full bath. Upstairs, the primary suite is a true retreat with a spacious landing, walk-in closet, spa-like bath, and year-round comfort thanks to the newer ductless heat pump. This home has the most mint layout for a Craftsman - ideal for those craving privacy and a separate tranquil space. The large, partially finished basement has high ceilings and a dialed in-home recording studio or home gym. Step outside to a fully fenced backyard designed for play, gardening, entertaining, or relaxing. Ample off-street parking makes life a breeze for both you, your guests, or your tiny house. Newer systems offer peace of mind while CM2 zoning offers flexibility for a home business. With a Walk Score of 93 and Bike Score of 98, this location cant be beat enjoy vibrant shops, restaurants, and happenings on Alberta, Mississippi, and Williams. All just blocks away. A rare opportunity to own a classic Portland home that sits high off Alberta in one of the citys most beloved neighborhoods! [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10190207]

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