109 E Yates Pl, Alsea, OR, 97324 | 6.84% Rental Yield

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109 E Yates Pl, Alsea, OR, 97324 | 6.84% 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

Rental property for sale in Alsea at 109 E Yates Pl, Alsea, OR, 97324 priced at $479,000 converts $2,729/mo rent into after a $2,344/mo obligation. Total monthly income equals $2,729/mo. Return on cash invested prints 18.69% in year one, and rental yield reads 6.84% against a $479,000 entry. Equity gained on principal adds $3,091/yr, while 5% annual appreciation compiles into $132,339 by year five. Five-year ROI reaches 96.11% and total cumulative return in cash sums $152,607. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,729/mo property income covering a $2,344/mo payment, not borrower’s personal income.

Manufactured

Built in 1995

0.66 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled on the tranquil banks of the Alsea River, this lovely 3 bedroom 2 bath country home reflects pride of ownership both inside and out. A welcoming covered front sitting deck, with wheel chair ramped access. The kitchen has ample work space with upgraded pullout cabinets, and beautiful granite countertops. Sustainable living at it's best here with the landscaping that features a lovely orchard, and the greenhouse with power is perfect for cultivating fresh herbs or nurturing your favorite plants year-round. For the hobbyist or craftsman, a large detached garage/shop with an unfinished loft, offers endless possibilities for creative pursuits or additional storage. Here the rhythm of the river sets the tone for a life of serenity and peaceful country living. Features List - 109 E. Yates Place, Alsea Oregon " Granite Counters in kitchen and baths " Upgraded cabinets in both baths and kitchen. " Covered Front Sitting Deck " New roof in 2021 " New back deck 2023 " New front entry wheelchair ramp in 2021 " Large 1500-gallon septic tank (last pumped 2016) " Orchard has 1 Almond, 1 pear, 1 cherry and 3 apple trees. " Upgraded plumbing in bathrooms and kitchen. " New windows in 2022 in the living room, primary bedroom, and dining room " Laminate flooring. 2017 " Heater in garage included. " 30amp dedicated electrical circuit in the shop. " Green house has power. " Tool shed has power.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97324, Alsea, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	603 (100%)
Owner Occupied HU	397 (65.8%)
Renter Occupied HU	100 (16.6%)
Vacant Housing Units	106 (17.6%)
Median Home Value	$587,924
Average Home Value	$628,822