7824 SE Salmon StPortlandOR97215
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 7824 SE Salmon St, Portland, OR, 97215 in Portland at $335,900 earns $2,100/mo in rent and nets $72/mo after the $1,510/mo payment, a 7.5% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $92,803 over five years. Ziffy Mortgage underwrites this on a 1.39 DSCR without U.S. credit history. With $3,094/yr in principal paydown, total projected return reaches $131,865.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 5.5% |
| Monthly Cash Flow | $72 | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,100 |
| Total Monthly Debt Service | $1,894 |
| DSCR Ratio | 1.11x |
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.
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97215, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,776 (100%) |
| Owner Occupied HU | 4,638 (52.8%) |
| Renter Occupied HU | 3,547 (40.4%) |
| Vacant Housing Units | 591 ( 6.7%) |
| Median Home Value | $687,368 |
| Average Home Value | $736,743 |
Housing Distribution
Address Breakdown
Residential
7,980
Single Family
7,144
Multi-Family
836
Businesses
352
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
Townhouse
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97215, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,776 (100%) |
| Owner Occupied HU | 4,638 (52.8%) |
| Renter Occupied HU | 3,547 (40.4%) |
| Vacant Housing Units | 591 ( 6.7%) |
| Median Home Value | $687,368 |
| Average Home Value | $736,743 |
Housing Distribution
Address Breakdown
Residential
7,980
Single Family
7,144
Multi-Family
836
Businesses
352
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices