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36
Rent climbs to $3,231, yield hits 7.8%
Updated 12 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property offers promising rental potential in the current market, with estimated monthly income ranging between $3,006 and $3,254. These figures reflect strong demand for four-bedroom homes within this specific Portland neighborhood. Investors can expect a solid projected yield of approximately 7.83%, supported by consistent local market trends. This makes the property a compelling option for those seeking reliable monthly cash flow and steady long-term appreciation.
More about this home
Neighborhood Assessment
12808 SE Madison St sits in Portland's 97233 zip, David Douglas area—a quiet, family-oriented neighborhood with steady comps around $480K for similar 4-bed homes. Walkability's decent near Menlo Park Elementary (5/10 rating, 0.9mi) but high school lags at 2/10. Recent Zestimates hold firm ~$480K, taxes ~$6K/yr, signaling stable values despite air quality risks. Comps like 12730 SE Madison (1,690sqft, $477K) and 1506 SE 129th (2,804sqft, $532K) show solid demand for spacious ranch styles like this 2,794sqft gem on an 8,400sqft lot.
Market Activity
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Rental Income
$38K
Yield
7.8%
Appreciation
$3K
Year 1 Estimates
Fix-and-Flip
Updating a home pays off by boosting price per square foot from $211 to $220. This 4.5% increase in value helps properties stand out, potentially pushing top-end sales toward $650,000 and maximizing your rental income potential. For your 2,794 square foot home, these improvements create a modern, high-demand space. While the investment adds roughly $26,000 in immediate value, the primary benefit is a faster, more competitive sale that attracts premium buyers today.
Value Add
$26K
Appreciation
$3K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $588,000 and $650,000. Successful execution promises a respectable rental income of $3,231 monthly, supporting a stable 6.3% yield based on current market data. Investors should focus on controlling renovation costs to maximize equity capture. Given the 2,794 square footage, this asset provides significant scale for long-term appreciation, making it a reliable addition to a well-balanced residential real estate portfolio.
Rental Income
$39K
Yield
6.3%
Appreciation
$3K
Year 1 Estimates, Post Typical Renovation
Estimated value
$480K
$67.7K below comp median
Comparative Market Analysis
$425K – $712K
~88 days to sell
Based on 8 comps
12808 SE Madison St, Portland Investment Report: Flip & Rental Analysis · Frontflip