7204 N Washburne AvePortlandOR97217
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.44% yield at 7204 N Washburne Ave, Portland, OR, 97217 in Portland is solid, but the $3,485/mo payment compresses net cash flow to $126/mo at $775,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $214,118 by year five, and $7,138/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.38) without U.S. income documentation. Total projected return: $301,482.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 5.5% |
| Monthly Cash Flow | $126 | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,804 |
| Total Monthly Debt Service | $4,370 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1927
5,227 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,497
Single Family
14,772
Multi-Family
3,725
Businesses
1,310
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
Single Family
Built in 1927
5,227 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,497
Single Family
14,772
Multi-Family
3,725
Businesses
1,310
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices