11 Shorepine CtGleneden 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
Rental property for sale in Gleneden Beach at 11 Shorepine Ct, Gleneden Beach, OR, 97388 offers $2,728/mo rent that, after a $3,646/mo payment. Total monthly income is $2,728/mo. Return on cash invested measures 11.4% in year one, and rental yield stands at 4.39% at a $745,000 entry. Equity gained on principal adds $4,807/yr while 5% annual appreciation compounds into $205,830 by year five. Five-year ROI records 56.99% and total cumulative return in cash reaches $139,676. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,728/mo property income versus a $3,646/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
7,840 sqft 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: Karla Kuhlenbeck • Windermere West Coast Properties
Mls Name: OCMLS
Mls ID: #25-1861