9837 NE Irving St APT 302PortlandOR97220
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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
Rental property for sale in Portland at 9837 NE Irving St APT 302, Portland, OR, 97220 generates $1,507/mo in rent and, after a $929/mo payment, leaves $361/mo in cash flow. Total monthly income is $1,507/mo, and annual cash flow is $4,334/yr on $62,952 invested. Return on cash invested sits at 26.79% in year one, and rental yield is 9.52% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 139.62% and total cumulative return in cash sums $87,893. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,507/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A 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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