1123 N Highway 101, Depoe Bay, OR, 97341 | 5.87% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1123 N Highway 101, Depoe Bay, OR, 97341 | 5.87% Rental Yield | Ziffy

For Sale

Airbnb Potential

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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3 Bed
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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

Rental property for sale in Depoe Bay at 1123 N Highway 101, Depoe Bay, OR, 97341 generates $3,500/mo in rent, after a $3,500/mo payment. Total monthly income is $3,500/mo. Return on cash invested sits at 15.9% in year one, and rental yield is 5.87% on a $715,000 entry. Equity gained on principal adds $4,614/yr, while 5% annual appreciation builds toward $197,541 over five years. Five-year ROI reaches 81.08% and total cumulative return in cash sums $190,737. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,500/mo property income rather than buyer’s personal income.

Condo

Built in 1984

N/A 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 completeroof, 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

Housing Distribution

Address Breakdown

Residential

1,209

Single Family

1,115

Multi-Family

Businesses

126

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

3 Bed
3 Bath
1765 sft

52 SW 95th St, South Beach, OR, 97366

2 Bed
2 Bath
1762 sft

945 SW Pine Ave, Depoe Bay, OR, 97341

4 Bed
2 Bath
1222 sft

5812 NW Sylva St, Newport, OR, 97365

2 Bed
2 Bath
1726 sft

9316 SW Abalone St, South Beach, OR, 97366

Nearby investment properties with comparable prices

Airbnb Potential+ 1 more

2 Bed
2 Bath
1102 sft

1123 N Highway 101 #18, Depoe Bay, OR, 97341

2 Bed
2 Bath
1695 sft

215 Nesting Glade, Depoe Bay, OR, 97341

3 Bed
2 Bath
2426 sft

546 NW 54th St, Newport, OR, 97365

3 Bed
2 Bath
2093 sft

9586 S Coast Hwy, South Beach, OR, 97366

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Condo
Year Built: 1984
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Off Street, Garage Door Opener, Condo Garage (Undeeded), Detached

Location

City: Depoe Bay
State: OR
Subdivision: N/A
Lot Size: N/A
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Kathleen Milldrum • HomeSmart Realty Group

Mls Name: RMLS (OR)

Mls ID: #184213236

1123 N Highway 101,Depoe Bay,OR,97341

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

1123 N Highway 101Depoe BayOR97341