1064 S Front St, Rockaway Beach, OR, 97136 | 7.04% Rental Yield

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Price: $300K - 500K

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1064 S Front St, Rockaway Beach, OR, 97136 | 7.04% Rental Yield | Ziffy

For Sale

Listed for sale 6 days ago

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

Rental property for sale in Rockaway Beach at 1064 S Front St, Rockaway Beach, OR, 97136 priced at $649,000 pairs $3,805/mo rent with after a $3,177/mo payment. Total monthly income equals $3,805/mo. Return on cash invested is 19.43% in year one, and rental yield stands at 7.04% on a $649,000 basis. Equity gained on principal adds $4,188/yr, and 5% annual appreciation accumulates to $179,307 by year five. Five-year ROI measures 100.03% and total cumulative return in cash reaches $213,588. For financing, Ziffy Mortgage’s DSCR program evaluates $3,805/mo property income against a $3,177/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1967

10,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully appointed mid-century modern home with old school elegance & a two story addition (@ 1990) giving you over 3100 square feet of living area. Tongue & groove open beam ceilings, pellet stove, five bedrooms, three bathrooms, formal living room and a large game room (includes pool table) PLUS a large additional entertainment room with a lake view. Only @ two blocks to the beach. Room for boat or RV. Quality hickory kitchen cabinets and top quality cedar decking and cables. Auto blinds. Updated vinyl windows & recent entire exterior paint. Private back patio. Many options - Primary residence, secondary home, or possible duplex conversion. Insta hot appliance in kitchen! Large lot with room for a shop or accessory building. Easy to show. PRICED BELOW MARKET VALUE.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97136, Rockaway Beach, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,767 (100%)
Owner Occupied HU	779 (28.2%)
Renter Occupied HU	258 ( 9.3%)
Vacant Housing Units	1,730 (62.5%)
Median Home Value	$430,932
Average Home Value	$465,677