108 Ridge CrstGleneden BeachOR97388
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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
Total monthly income runs $5,971/mo, and a $7,758/mo payment. Purchase price stands at $1,585,000, and rental yield measures 4.52% with $5,971/mo rent. Return on cash invested shows 11.97% in year one, and 5% annual appreciation builds toward $437,906 over five years. Five-year ROI reaches 59.94% and total cumulative return in cash records $307,834. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,971/mo property income covering a $7,758/mo payment rather than investor’s personal income.
Single Family
Built in 2000
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97388, Gleneden Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 817 (100%) |
| Owner Occupied HU | 282 (34.5%) |
| Renter Occupied HU | 62 ( 7.6%) |
| Vacant Housing Units | 473 (57.9%) |
| Median Home Value | $521,084 |
| Average Home Value | $550,603 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
46
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Listed by: Geoffrey Michael Groener • Cascade Hasson Sotheby's International Realty
Mls Name: OCMLS
Mls ID: #25-2537