8815 N Willamette Blvd, Portland, OR, 97203 | $225/mo Cash Flow

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8815 N Willamette Blvd, Portland, OR, 97203 | $225/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Portland at 8815 N Willamette Blvd, Portland, OR, 97203 listed at $425,000 pairs $2,790/mo rent with a $2,080/mo payment to leave $225/mo cash flow. Total monthly income runs $2,790/mo, and annual cash flow reaches $2,697/yr on $140,888 cash to close. Return on cash invested measures 21.82% in year one, and rental yield registers 7.88% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 112.91% and total cumulative return in cash totals $159,077. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,790/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1905

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this adorable 2-bedroom, 1-bathroom bungalow nestled in the heart of the beloved St. Johns neighborhood! With classic character and thoughtful updates, this home is move-in ready and packed with potential. Step onto the covered front porch and take in the picturesque view of the iconic St. Johns Bridgea perfect spot to enjoy your morning coffee or wind down in the evening. Inside, you'll find a freshly repainted interior with fir floors and brand new light fixtures that complement the natural light pouring through newer double-pane vinyl windows. The high ceilings give an airy, open feel, and the clawfoot tub in the bathroom adds timeless charm. Both bedrooms feature new, cozy carpet, and include a walk-in closet in the primary bedroom. The kitchen features a large butlers pantry with tons of built-in storage. The spacious, dry basement includes a legal egress window offering the opportunity to create a third bedroom, home office, or bonus living area with ease. Outside, enjoy a fully fenced backyard retreat with raised garden beds, a tool shed, and plenty of room to relax, play, or entertain. Featuring off-street parking pad, washer/dryer, as well as easy access to public transit, nearby Cathedral Park, and St Johns downtown shops and restaurants. Whether you're a first-time buyer, downsizer, or looking for a cozy home with potential to expand, this one is a must-see. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10241713]

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