5% down house hack for successful Airbnb in Portland

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5% down house hack for successful Airbnb in Portland

https://linktr.ee/the.alohahouse.pdx
Melissa HartvigsenBusiness Member
Real Estate Agent · Beaverton, OR · Member since 2020 · 190 posts · 158 votes

Amazing house hack opportunity in one of Portland's most desirable neighborhoods, Mt. Tabor. Listed for $1,050,000 this turnkey investment can be sold furnished. It is already a successful Airbnb with a track record of earning over $100,000 annually with a transferrable type B permit. That's an average of $8,333 per month. As a house hack, you could live in the 1-bedroom and run the Airbnb and have your mortgage covered.

*Estimate mortgage with 5% down payment and 6.5% rate is $7,624. (Principal and interest $6,305, Property taxes $980, Home insurance $131, Mortgage insurance $208)

Actual Earnings:

Send me a DM for more details or to book your private tour.

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  • James Driscoll
    Banker · MA · Member since 2026 · 120 posts · 33 votes
    1mo

    Worth flagging for anyone seriously looking at this: at $1,050,000, you're almost certainly in jumbo territory for Oregon, and the "5% down" framing doesn't hold up there. Conforming loan limits in Multnomah County for 2025 sit around $806,500, so anything above that needs jumbo financing, and most jumbo programs want 10-20% down with stronger reserve requirements. The Airbnb income math also gets complicated fast because short-term rental income is treated very differently from long-term rental income in underwriting, and in many cases it won't count at all toward qualifying for a primary residence loan. The $7,624 monthly payment estimate may be real, but the down payment assumption attached to it probably isn't.

    James Driscoll

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  • Melissa HartvigsenBusiness Member
    OP
    Real Estate Agent · Beaverton, OR · Member since 2020 · 190 posts · 158 votes
    1mo

    Hi James, this is a legal 2 unit (with the permitted ADU). My local Oregon loan partner say it works as the limit on 2 units is $1,066,250. Additionally, the seller has more than 2 years Airbnb history to use for the underwriter.

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