111 Avenue U APT 208SeasideOR97138
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Seaside at 111 Avenue U APT 208, Seaside, OR, 97138 earns from $2,551/mo rent with a $2,300/mo payment. Total monthly income totals $2,551/mo. ROI tracks 17.71% on current figures, and rental yield reads 6.51% at a $469,900 purchase. Equity gained on principal adds $3,032/yr, and 5% annual appreciation supports $129,825 over five years. Five-year ROI reaches 90.85% and total cumulative return in cash sums $141,518. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,551/mo property income instead of your personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97138, Seaside, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,933 (100%) |
| Owner Occupied HU | 3,159 (39.8%) |
| Renter Occupied HU | 2,180 (27.5%) |
| Vacant Housing Units | 2,594 (32.7%) |
| Median Home Value | $490,174 |
| Average Home Value | $581,667 |
Housing Distribution
Address Breakdown
Residential
5,150
Single Family
4,738
Multi-Family
412
Businesses
759
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Nearby investment properties with comparable prices
Listed by: ADAM RUBEN • Opt
Mls Name: WVMLS
Mls Provider:
Mls ID: #822239
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.