1022 N Prom Tradewinds CONDO 208SeasideOR97138
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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 Seaside at 1022 N Prom Tradewinds CONDO 208, Seaside, OR, 97138 uses $61,328 cash to close to unlock $3,369/yr annual cash flow and $281/mo monthly cash flow. Total monthly income runs $1,397/mo, and a $905/mo payment keeps the spread at $281/mo. Purchase price stands at $185,000, and rental yield measures 9.06% with $1,397/mo rent. Return on cash invested shows 25.4% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 132.12% and total cumulative return in cash records $81,027. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,397/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97138, Seaside, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,933 (100%) |
| Owner Occupied HU | 3,159 (39.8%) |
| Renter Occupied HU | 2,180 (27.5%) |
| Vacant Housing Units | 2,594 (32.7%) |
| Median Home Value | $490,174 |
| Average Home Value | $581,667 |
Housing Distribution
Address Breakdown
Residential
5,150
Single Family
4,738
Multi-Family
412
Businesses
759
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