7473 N New York Ave #2PortlandOR97203
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
Investment Highlights
Rental property for sale in Portland at 7473 N New York Ave #2, Portland, OR, 97203 generates $2,177/mo in rent and, after a $1,394/mo payment, leaves $458/mo in cash flow. Total monthly income is $2,177/mo, and annual cash flow is $5,493/yr on $94,444 invested. Return on cash invested sits at 25.72% in year one, and rental yield is 9.17% on a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 133.83% and total cumulative return in cash sums $126,395. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,177/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
5,000 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,272
Single Family
11,821
Multi-Family
1,451
Businesses
668
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices