7824 SE Salmon StPortlandOR97215
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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
Investment property for sale in Portland at 7824 SE Salmon St, Portland, OR, 97215 offers a 7.5% rental yield on a $335,900 purchase with $2,100/mo rent. Total monthly income registers $2,100/mo, and a $1,644/mo payment leaves $73/mo available for distribution. Annual cash flow reaches $870/yr on $111,351 to close, and return on cash invested stands at 20.69% in year one. Equity gained on principal adds $2,168/yr while 5% annual appreciation supports $92,803 over five years. Portfolio math shows five-year ROI at 106.85% and total cumulative return in cash at $118,983. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $1,644/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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