1003 Grove AveTillamookOR97141
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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
Investment Highlights
Investment property for sale in Tillamook at 1003 Grove Ave, Tillamook, OR, 97141 listed at $385,000 pairs $3,000/mo rent with a $1,884/mo payment to leave $676/mo cash flow. Total monthly income runs $3,000/mo, and annual cash flow reaches $8,118/yr on $127,628 cash to close. Return on cash invested measures 26.27% in year one, and rental yield registers 9.35% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 136.77% and total cumulative return in cash totals $174,550. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,000/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97141, Tillamook, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,054 (100%) |
| Owner Occupied HU | 3,946 (55.9%) |
| Renter Occupied HU | 1,870 (26.5%) |
| Vacant Housing Units | 1,238 (17.6%) |
| Median Home Value | $432,799 |
| Average Home Value | $471,531 |
Housing Distribution
Address Breakdown
Residential
5,758
Single Family
5,141
Multi-Family
617
Businesses
633
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