1123 N Highway 101 #18, Depoe Bay, OR, 97341 | 4.87% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1123 N Highway 101 #18, Depoe Bay, OR, 97341 | 4.87% 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 1123 N Highway 101 #18, Depoe Bay, OR, 97341 listed at $715,000 pairs $2,900/mo rent with a $3,500/mo payment. Total monthly income runs $2,900/mo. Return on cash invested measures 12.84% in year one, and rental yield registers 4.87% at a $715,000 basis. Equity gained on principal adds $4,614/yr, and annual property appreciation at 5% supports $197,541 by year five. Five-year ROI tracks 64.67% and total cumulative return in cash totals $152,133. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,900/mo property income relative to a $3,500/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1984

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Embrace the best of coastal living at Thundering Shores, a rare 2-bedroom, 2-bathroom oceanfront condo perched dramatically on basalt rock with unobstructed views of the Pacific ocean and Boiler Bay. Watch waves crash against rocky cliffs and witness whales from your private balcony. This turnkey gem has been completely renovated with luxury finishes including granite counters, new kitchen appliances, luxury vinyl plank flooring, an electric fireplace, and updated bathrooms. The exterior complex transformation is complete - roof, windows, siding, railings, and flashing all redone, with the assessment paid in full by sellers. This unit includes a dedicated garage space, perfect as your permanent residence or profitable vacation rental. Access your sanctuary via an elevator, go past the weather-protected breezeway entrance, and discover an open-concept living area with generous windows opening to your private deck. The modern kitchen stands ready with beautiful countertops and contemporary finishes. Two well-appointed bedrooms provide comfort and privacy, with the primary suite featuring an en suite bathroom. A second full bathroom serves guests conveniently. Ample storage throughout, plus a stacked washer and dryer in the unit complete this exceptional property.

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