8740 SE Steele StPortlandOR97266
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 8740 SE Steele St, Portland, OR, 97266 in Portland at $415,000 earns $2,538/mo in rent and nets $33/mo after the $1,866/mo payment, a 7.34% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $114,657 over five years. Ziffy Mortgage underwrites this on a 1.36 DSCR without U.S. credit history. With $3,822/yr in principal paydown, total projected return reaches $159,255.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 5.5% |
| Monthly Cash Flow | $33 | $450 |
City averages based on Portland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,538 |
| Total Monthly Debt Service | $2,340 |
| DSCR Ratio | 1.08x |
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.
Single Family
Built in 2010
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97266, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,362 (100%) |
| Owner Occupied HU | 6,892 (51.6%) |
| Renter Occupied HU | 5,836 (43.7%) |
| Vacant Housing Units | 634 ( 4.7%) |
| Median Home Value | $501,884 |
| Average Home Value | $547,354 |
Housing Distribution
Address Breakdown
Residential
12,977
Single Family
11,732
Multi-Family
1,245
Businesses
753
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
Single Family
Built in 2010
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97266, Portland, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,362 (100%) |
| Owner Occupied HU | 6,892 (51.6%) |
| Renter Occupied HU | 5,836 (43.7%) |
| Vacant Housing Units | 634 ( 4.7%) |
| Median Home Value | $501,884 |
| Average Home Value | $547,354 |
Housing Distribution
Address Breakdown
Residential
12,977
Single Family
11,732
Multi-Family
1,245
Businesses
753
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices