1113 N Highway 101 UNIT 52, Depoe Bay, OR, 97341 | 4.54% Rental Yield

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1113 N Highway 101 UNIT 52, Depoe Bay, OR, 97341 | 4.54% Rental Yield | Ziffy

For Sale

Airbnb Potential

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

Investment property for sale in Depoe Bay at 1113 N Highway 101 UNIT 52, Depoe Bay, OR, 97341 earns from $3,218/mo rent with a $4,160/mo payment. Total monthly income totals $3,218/mo. ROI tracks 11.85% on current figures, and rental yield reads 4.54% at a $850,000 purchase. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 over five years. Five-year ROI reaches 59.41% and total cumulative return in cash sums $166,150. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,218/mo property income instead of your personal income.

Condo

Built in 2002

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

REMARKABLE AND RARE TOP FLOOR, CORNER UNIT, CONDO in the highly sought-after Building 3 of The Village at North Pointe in Depoe Bay! Spectacular ocean front views of the mighty Pacific Ocean, thundering waves on the basalt rock formations, and views for miles to the North. Commercial Zoning (C1) allows nightly vacation rentals. This exquisite 2 bedroom, 2 bath oceanfront residence offers luxury upgrades in 1343 sq feet. Large windows flood the space with natural light. The living room, dining area, and covered patio offer stunning views where you can watch whales and sunsets from the comfort of your own space. Enjoy the added convenience of a private garage, additional storage closet, and proximity to the elevator. The primary suite is a true retreat with tile shower & jetted tub. Residents of The Village at North Pointe HOA enjoy access to an on-site, two-level clubhouse featuring an indoor pool and hot tub, a fitness center, a DVD movie theater, and a game room equipped with card tables and a pool table. Nearby shopping and restaurants in Downtown Depoe Bay, the Whale Watching Capital of the Oregon Coast!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97341, Depoe Bay, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,514 (100%)
Owner Occupied HU	1,097 (43.6%)
Renter Occupied HU	354 (14.1%)
Vacant Housing Units	1,063 (42.3%)
Median Home Value	$446,283
Average Home Value	$528,257