London Plan, South River Terrace Innovate Condominiums, Portland, OR, 97224 | $1,090/mo Cash Flow

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London Plan, South River Terrace Innovate Condominiums, Portland, OR, 97224 | $1,090/mo Cash Flow | Ziffy

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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

Rental property for sale in Portland at London Plan, South River Terrace Innovate Condominiums, Portland, OR, 97224 offers $4,283/mo rent that, after a $2,589/mo payment, leaves $1,090/mo cash flow. Total monthly income is $4,283/mo, and annual cash flow is $13,081/yr on $174,038 cash. Return on cash invested measures 27.58% in year one, and rental yield stands at 9.72% at a $528,990 entry. Equity gained on principal adds $3,413/yr while 5% annual appreciation compounds into $146,150 by year five. Five-year ROI records 143.75% and total cumulative return in cash reaches $250,177. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,283/mo property income versus a $2,589/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

An excellent option for larger households, the upstairs features four spacious bedrooms including the primary suite. At the top of the stairs, the secondary bedrooms are located to the right and primary suite to the left for added privacy. The primary bath is impressively large, with an enclosed WC, dedicated shower plus drop-in tub, spacious double vanity, and linen closet. Enjoy the convenience of formal and informal entertaining spaces as the main level includes a family room with deck as well as an open-plan kitchen, living room, dining room combination. The main level also includes a fifth bedroom and adjacent powder room for additional flexibility.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97224, Portland, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,474 (100%)
Owner Occupied HU	11,629 (66.6%)
Renter Occupied HU	5,149 (29.5%)
Vacant Housing Units	696 ( 4.0%)
Median Home Value	$648,654
Average Home Value	$667,976