709 SW 16th Ave UNIT 310PortlandOR97205
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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 709 SW 16th Ave UNIT 310, Portland, OR, 97205 offers a 9.08% rental yield on a $122,000 purchase with $923/mo rent. Total monthly income registers $923/mo, and a $597/mo payment leaves $187/mo available for distribution. Annual cash flow reaches $2,241/yr on $40,443 to close, and return on cash invested stands at 25.45% in year one. Equity gained on principal adds $787/yr while 5% annual appreciation supports $33,706 over five years. Portfolio math shows five-year ROI at 132.36% and total cumulative return in cash at $53,531. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $923/mo property income against a $597/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1928
N/A lot
$N/A/sqft
No 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
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