7319 N Polk Ave, Portland, OR, 97203 | 6.89% Rental Yield

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7319 N Polk Ave, Portland, OR, 97203 | 6.89% 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

Total monthly income runs $3,674/mo, and a $3,132/mo payment. Purchase price stands at $639,900, and rental yield measures 6.89% with $3,674/mo rent. Return on cash invested shows 18.99% in year one, and 5% annual appreciation builds toward $176,793 over five years. Five-year ROI reaches 97.66% and total cumulative return in cash records $205,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,674/mo property income covering a $3,132/mo payment rather than investor’s personal income.

Single Family

Built in 1924

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover a fully remodeled masterpiece nestled in the highly sought-after St. John neighborhood, where 1920s charm meets contemporary elegance. This stunning home spans three levels, featuring three generously sized bedrooms and three full bathrooms, offering both privacy and ample space for everyone. The expansive basement is a standout, boasting exciting ADU potential with a large studio-style bedroom, perfect for a variety of uses.This residence is not just a renovation; it has been meticulously remodeled down to the studs, complete with new insulation, drywall, and framing. Every aspect has been upgraded, including a brand-new electrical system and plumbing throughout, alongside state-of-the-art heating and cooling systems. The interiors are equally impressive, showcasing beautifully updated bathrooms and a stylish kitchen, all executed by professionals with proper permits and successful city inspections.The location is truly unbeatable, conveniently situated within walking distance of diverse shopping options, delightful restaurants, vibrant food carts, and serene parks. Plus, its just a stones throw from the University of Portland, making it an ideal choice for those seeking a lively community atmosphere. Seize the opportunity to own this charming, modern home that perfectly balances historical allure with modern sophistication!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97203, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,538 (100%)
Owner Occupied HU	7,019 (51.8%)
Renter Occupied HU	5,754 (42.5%)
Vacant Housing Units	765 ( 5.7%)
Median Home Value	$555,551
Average Home Value	$589,368