1000 SE Bay Blvd #404, Newport, OR, 97365 | $297/mo Cash Flow

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1000 SE Bay Blvd #404, Newport, OR, 97365 | $297/mo Cash Flow | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Newport at 1000 SE Bay Blvd #404, Newport, OR, 97365 offers a 9.62% rental yield on a $150,000 purchase with $1,202/mo rent. Total monthly income registers $1,202/mo, and a $734/mo payment leaves $297/mo available for distribution. Annual cash flow reaches $3,561/yr on $49,725 to close, and return on cash invested stands at 27.07% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 141.07% and total cumulative return in cash at $70,146. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,202/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1975

N/A lot

$N/A/sqft

No HOA

More details about the property

Bring your design ideas, complete with new paint, flooring, and the Views of Yaquina Bay and Bridge. The historic bayfront offers a unique experience, with interior ideas to explore, and a variety of shops, restaurants, and fresh fish available for purchase directly off the commercial docks. The One-Bedroom, remodeled Bath with a walk-in shower. Vanity is separate, and the closet is ready for your washer/dryer installation. The Homeowners Association covers all utilities, exterior maintenance, roof, windows, and doors. Enjoy all the amenities, including an indoor pool, sauna, spa, exercise room, crabbing dock with cookers and fish cleaning area, all included in the HOA. There is an on-site restaurant for your convenience. Not living full-time, have Embarcadero handle the rental. Cash only, or 1031 are acceptable to purchase.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97365, Newport, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,410 (100%)
Owner Occupied HU	3,108 (48.5%)
Renter Occupied HU	2,142 (33.4%)
Vacant Housing Units	1,160 (18.1%)
Median Home Value	$484,402
Average Home Value	$591,988