1128 NE Seascape Ave #9Depoe BayOR97341
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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
Investment Highlights
Investment property for sale in Depoe Bay at 1128 NE Seascape Ave #9, Depoe Bay, OR, 97341 offers a 3.39% rental yield on a $869,000 purchase with $2,454/mo rent. 35% in year one. Equity gained on principal adds $5,608/yr while 5% annual appreciation supports $240,089 over five years. Portfolio math shows five-year ROI at 40.59% and total cumulative return in cash at $116,051. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,454/mo property income against a $4,253/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
3,049 sqft lot
$N/A/sqft
No HOA
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
94
Businesses
126
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