1040 Bay St APT 14, Florence, OR, 97439 | 4.67% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1040 Bay St APT 14, Florence, OR, 97439 | 4.67% Rental Yield | Ziffy

For Sale

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 Florence at 1040 Bay St APT 14, Florence, OR, 97439 earns from $2,060/mo rent with a $2,589/mo payment. Total monthly income totals $2,060/mo. ROI tracks 12.25% on current figures, and rental yield reads 4.67% at a $529,000 purchase. Equity gained on principal adds $3,414/yr, and 5% annual appreciation supports $146,153 over five years. Five-year ROI reaches 61.55% and total cumulative return in cash sums $107,129. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,060/mo property income instead of your personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

MOVE IN READY" 2 bedroom 2 bath 1048 sq ft, condominium. This unique and spacious ground floor corner unit is walking distance to Old Town Florence where you can enjoy nightly entertainment, restaurants and boutique shopping. Enjoy spectacular views of the river, dunes and bridge from this light and bright unit. Your walk-out private patio is just steps from the rivers edge perfect for barbeques or enjoying the majestic sunsets, they are breathtaking! The outdoor enthusiast will enjoy the close proximity to the Oregon dunes, ocean beaches, lighthouses, hiking trails, fishing, crabbing, boating and so much more. Milgard energy efficient vinyl windows installed in 2020. Nicely remodeled main bathroom with high end finishes.Two outside storage units and an assigned parking space is included. Bay Bridge Condominium is located on historic Bay Street in Old Town Florence. This small 28 unit complex does not allow nightly rentals to help ensure your peace and quiet. HOA Dues include water, sewer, garbage, landscaping, insurance and mailbox. HOA fees will be $750.00 @ month starting January 2026.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97439, Florence, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,358 (100%)
Owner Occupied HU	5,722 (61.1%)
Renter Occupied HU	2,076 (22.2%)
Vacant Housing Units	1,560 (16.7%)
Median Home Value	$526,815
Average Home Value	$571,760