8618 Northeast BroadwayPortlandOR97220
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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 8618 Northeast Broadway, Portland, OR, 97220 uses $142,015 cash to close to unlock $4,852/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $2,999/mo, and a $2,097/mo payment keeps the spread at $404/mo. Purchase price stands at $428,400, and rental yield measures 8.4% with $2,999/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $118,359 over five years. Five-year ROI reaches 121% and total cumulative return in cash records $171,844. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,999/mo property income covering a $2,097/mo payment rather than investor’s personal income.
Single Family
Built in 1964
4,975 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97220, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,747 (100%) |
| Owner Occupied HU | 6,482 (50.9%) |
| Renter Occupied HU | 5,582 (43.8%) |
| Vacant Housing Units | 683 ( 5.4%) |
| Median Home Value | $482,875 |
| Average Home Value | $534,171 |
Housing Distribution
Address Breakdown
Residential
12,065
Single Family
10,268
Multi-Family
1,797
Businesses
1,209
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