Portland, OR 97214

👑 Merry Christmas from Peacock Lane 👑 This is a RARE cash-flowing subject-to opportunity on one of Portland’s most iconic and tightly held streets. Instead of taking on today’s higher-cost financing, an investor steps directly into the existing low-interest debt with a monthly payment of just $3,541 while projected rents are approximately $4,250 per month, creating immediate monthly spread and long-term upside. With only $60,000 down and light renovation needs of approximately $35,000, this becomes a strong blend of cash flow, principal paydown, and built-in equity. This is the largest house on Peacock Lane, creating a major value advantage in a location where properties rarely trade. With only approximately 400 sqft in the basement, the majority of the square footage is above grade, making the layout far more desirable for both resale and long-term hold value. With an estimated ARV of approximately $799,000, there is strong equity upside on top of the monthly cash flow. Contrary to popular belief, this property does not have an HOA, which is a major advantage for both investors and long-term hold strategies. No HOA means stronger cash flow, fewer restrictions, and no surprise monthly dues cutting into returns. Located near Laurelhurst Park, Mount Tabor Park, top schools, downtown Portland, and the popular Belmont and Hawthorne districts, this is the kind of location investors hold for the long term. The subject-to structure avoids new loan origination, high lender fees, and today’s elevated interest rates, making this a clean acquisition strategy with both immediate and long-term financial benefits. Down Payment: $60,000 ARV: $799,000 Remodel: $35,000 Estimated Rent: $4,250/month Mortgage Information Mortgage Balance: Approximately $580,000 Interest Rate: 4.3750% Loan Type: Modified 40-Year Loan Principal Pay Down: $188/month Monthly Payment: $3,541/month 3 Beds | 3 Baths | 2,847 Sqft | Approx. 400 Sqft Basement | Private Fenced Backyard Property Needs Master bathroom update New carpet Cherry hardwood floors need refinishing Kitchen needs deep cleaning New dishwasher needed Minor roof repair (remove loose board and reinstall/repair) Property Features Largest house on Peacock Lane Mostly above-grade living space Approx. 400 sqft basement Private fenced backyard No HOA Located on one of Portland’s most iconic residential streets Strong long-term appreciation area Excellent resale and hold potential Strong long-term rental potential Public Walkthrough on 4/29 at 1:00 PM. Please confirm attendance for the walkthrough. This is a true location-first, cash-flowing sub-to opportunity with strong monthly spread, built-in equity, and one of the best addresses in Portland. Closing date: 5/29/2026 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.