The subject property, a 2-bed, 1-bath single family home in Powellhurst-Gilbert, Portland, is poised for steady rental income. Based on current rent comps and market trends, the rent potential lands between $1,345 and $1,595 per month. Annually, this equates to $16.1K–$19.1K in gross income. With local home values near $350K, the payback period on gross rent is roughly 18–22 years—typical for Portland’s single-family rental scene. The area’s stable demand, low vacancy rates, and continued urban development support strong rental prospects, though the older age and modest size of the home may limit rent upside versus newer builds.[1][2][5]

To maximize rental value, consider cosmetic updates—fresh paint, updated fixtures, or energy-efficient appliances—to appeal to today’s renters and justify top-market rent. If selling, highlight the property’s solid location, stable rental history, and potential for ADU or multi-family development under R2 zoning. For owners not ready to sell, holding and upgrading could drive both rent and resale value as the market remains tight.