Portland, OR — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
3.5%
Below average
Monthly Cash Flow
-$1,303
After all expenses
Price-to-Rent
15.8
Overpriced for rent
DSCR
0.55
Fails
📊 Key Metrics
- Median Home Price
- $552,200
- Average Rent (3BR)
- $2,820/mo
- Price-to-Rent Ratio
- 15.8(high)
- 1% Rule
- 0.53%(fails — need 1%+)
- Cash-on-Cash Return
- -12.6%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
-2,668 households
SHRINKING
Total Inflow
344,943
households moved in
Avg Income (New Residents)
$100,317
per household
Where they're coming from:
1.Multnomah Non-migrants, OR320,473 households · avg $102,285
2.Washington, OR4,248 households · avg $73,593
3.Clackamas, OR3,682 households · avg $65,879
4.Clark, WA1,758 households · avg $61,260
5.Los Angeles, CA1,121 households · avg $82,136
Where residents are leaving to:
1.Multnomah Non-migrants, OR320,473 households
2.Clackamas, OR5,604 households
3.Washington, OR4,609 households
4.Clark, WA3,202 households
5.King, WA921 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in Portland for Investors
All Zip Codes in Portland
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 97209 | 7.9% | +$450 | $351,816 | $3,440/mo | 1.24 |
| 97201 | 6.2% | -$64 | $435,376 | $3,500/mo | 0.97 |
| 97266 | 4.7% | -$579 | $403,456 | $2,610/mo | 0.73 |
| 97217 | 4.7% | -$732 | $506,516 | $3,270/mo | 0.73 |
| 97216 | 4.2% | -$768 | $426,741 | $2,570/mo | 0.66 |
| 97211 | 4.1% | -$1,085 | $575,873 | $3,410/mo | 0.65 |
| 97233 | 4.1% | -$761 | $404,973 | $2,400/mo | 0.65 |
| 97236 | 4.1% | -$828 | $437,977 | $2,590/mo | 0.64 |
| 97220 | 4.1% | -$828 | $430,733 | $2,530/mo | 0.64 |
| 97218 | 3.8% | -$1,029 | $482,394 | $2,710/mo | 0.60 |
| 97206 | 3.8% | -$1,022 | $472,818 | $2,640/mo | 0.59 |
| 97203 | 3.8% | -$998 | $458,349 | $2,550/mo | 0.59 |
| 97230 | 3.7% | -$1,023 | $460,806 | $2,540/mo | 0.58 |
| 97227 | 3.5% | -$1,365 | $568,776 | $3,010/mo | 0.55 |
| 97213 | 3.5% | -$1,357 | $559,030 | $2,940/mo | 0.54 |
| 97205 | 3.4% | -$1,250 | $495,759 | $2,550/mo | 0.53 |
| 97239 | 3.2% | -$1,607 | $609,511 | $3,050/mo | 0.50 |
| 97214 | 3.1% | -$1,862 | $688,807 | $3,390/mo | 0.49 |
| 97267 | 2.9% | -$1,584 | $545,371 | $2,550/mo | 0.45 |
| 97219 | 2.7% | -$1,963 | $644,117 | $2,900/mo | 0.43 |
| 97202 | 2.7% | -$1,971 | $637,999 | $2,840/mo | 0.42 |
| 97232 | 2.7% | -$2,058 | $661,841 | $2,930/mo | 0.42 |
| 97215 | 2.5% | -$2,122 | $655,553 | $2,800/mo | 0.39 |
| 97229 | 2.4% | -$2,484 | $744,606 | $3,090/mo | 0.37 |
| 97210 | 2.3% | -$2,373 | $691,536 | $2,790/mo | 0.36 |
| 97231 | 2.1% | -$2,521 | $705,034 | $2,720/mo | 0.33 |
| 97212 | 2.1% | -$2,901 | $804,026 | $3,070/mo | 0.32 |
| 97221 | 2.0% | -$2,845 | $773,772 | $2,890/mo | 0.31 |