1063 S Elm StCannon BeachOR97110
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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 Cannon Beach at 1063 S Elm St, Cannon Beach, OR, 97110 listed at $1,237,000 pairs $3,480/mo rent with a $6,055/mo payment. Total monthly income runs $3,480/mo. Return on cash invested measures 8.43% in year one, and rental yield registers 3.38% at a $1,237,000 basis. Equity gained on principal adds $7,982/yr, and annual property appreciation at 5% supports $341,760 by year five. Five-year ROI tracks 41% and total cumulative return in cash totals $164,340. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,480/mo property income relative to a $6,055/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97110, Cannon Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 480 (25.9%) |
| Renter Occupied HU | 224 (12.1%) |
| Vacant Housing Units | 1,152 (62.1%) |
| Median Home Value | $760,542 |
| Average Home Value | $823,224 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
185
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Listed by: Pamela Marci Ruble • Redfin
Mls Name: OCMLS
Mls ID: #25-1553