1107 Sw Coast Hwy, Newport, OR, 97365 | 3.13% Rental Yield

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1107 Sw Coast Hwy, Newport, OR, 97365 | 3.13% 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

Total monthly income runs $2,474/mo, and a $4,645/mo payment. Purchase price stands at $949,000, and rental yield measures 3.13% with $2,474/mo rent. Return on cash invested shows 7.55% in year one, and 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 36.34% and total cumulative return in cash records $113,472. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,474/mo property income covering a $4,645/mo payment rather than investor’s personal income.

Multi Family

Built in 1928

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Excellent Investment opportunity in Newport, Oregon. Currently being offered with an 8.5 percent cap rate which is very rare to be found on the Oregon Coast. Rents total over 106,000 annually. RMV - 1,043,000. In 2017/2018, seller replaced all siding, roof, windows, electrical, plumbing, gas lines and much more! Building consists of three apartments upstairs and three commercial spaces on the main level. All apartments are like new with hardwood floors, quartz countertops, SS appliances, OCEAN VIEWS and laundry hookups in each unit. Downstairs carries the same vibe with a modern flare. The largest commercial space has a new kitchen. Tankless hot water heaters service the entire building & ductless heat systems for heating/cooling. Seller is a licensed Real Estate Broker in Oregon.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97365, Newport, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,410 (100%)
Owner Occupied HU	3,108 (48.5%)
Renter Occupied HU	2,142 (33.4%)
Vacant Housing Units	1,160 (18.1%)
Median Home Value	$484,402
Average Home Value	$591,988