7405 NW Cornell RdPortlandOR97229
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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
Rental property for sale in Portland at 7405 NW Cornell Rd, Portland, OR, 97229 generates $6,612/mo in rent and, after a $4,644/mo payment, leaves $324/mo in cash flow. Total monthly income is $6,612/mo, and annual cash flow is $3,889/yr on $312,184 invested. Return on cash invested sits at 21.31% in year one, and rental yield is 8.36% on a $948,888 entry. Equity gained on principal adds $6,123/yr, while 5% annual appreciation builds toward $262,160 over five years. Five-year ROI reaches 110.88% and total cumulative return in cash sums $346,164. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,612/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97229, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,595 (100%) |
| Owner Occupied HU | 19,842 (69.4%) |
| Renter Occupied HU | 7,682 (26.9%) |
| Vacant Housing Units | 1,071 ( 3.7%) |
| Median Home Value | $780,837 |
| Average Home Value | $818,718 |
Housing Distribution
Address Breakdown
Residential
28,709
Single Family
26,480
Multi-Family
2,229
Businesses
508
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Listed by: Michele Shea-han • ELEETE Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24028294
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-17 12:19:08 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.