1023 18th StMyrtle PointOR97458
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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 Myrtle Point at 1023 18th St, Myrtle Point, OR, 97458 uses $75,914 cash to close to unlock $3,715/yr annual cash flow and $310/mo monthly cash flow. Total monthly income runs $1,692/mo, and a $1,121/mo payment keeps the spread at $310/mo. Purchase price stands at $229,000, and rental yield measures 8.87% with $1,692/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 128.92% and total cumulative return in cash records $97,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,692/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1953
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,134 (100%) |
| Owner Occupied HU | 1,407 (65.9%) |
| Renter Occupied HU | 518 (24.3%) |
| Vacant Housing Units | 209 ( 9.8%) |
| Median Home Value | $296,076 |
| Average Home Value | $389,703 |
Housing Distribution
Address Breakdown
Residential
1,886
Single Family
1,881
Multi-Family
5
Businesses
157
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Listed by: Meriah Stemmerman • Keller Williams Southern Oregon Coastal Real Estate Group
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #594656851
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-11-01 20:59:15 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.