709 SW 16th Ave UNIT 204PortlandOR97205
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow709 SW 16th Ave UNIT 204, Portland, OR, 97205 in Portland carries a 1.96 coverage ratio, rent of $2,075/mo is 1.96 times the $1,057/mo payment. Rental yield 10.59%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $235,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $64,926; total projected cumulative return: $81,644.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 5.5% |
| Monthly Cash Flow | $(170) | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,075 |
| Total Monthly Debt Service | $2,151 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1928
N/A lot
$N/A/sqft
$622 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97205, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,632 (100%) |
| Owner Occupied HU | 1,213 (15.9%) |
| Renter Occupied HU | 5,607 (73.5%) |
| Vacant Housing Units | 812 (10.6%) |
| Median Home Value | $822,425 |
| Average Home Value | $979,827 |
Housing Distribution
Address Breakdown
Residential
6,535
Single Family
598
Multi-Family
5,937
Businesses
1,038
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1928
N/A lot
$N/A/sqft
$622 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97205, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,632 (100%) |
| Owner Occupied HU | 1,213 (15.9%) |
| Renter Occupied HU | 5,607 (73.5%) |
| Vacant Housing Units | 812 (10.6%) |
| Median Home Value | $822,425 |
| Average Home Value | $979,827 |
Housing Distribution
Address Breakdown
Residential
6,535
Single Family
598
Multi-Family
5,937
Businesses
1,038
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices