1147 SW 16th StLincoln CityOR97367
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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 Lincoln City at 1147 SW 16th St, Lincoln City, OR, 97367 uses $159,120 cash to close to unlock $6,420/yr annual cash flow and $535/mo monthly cash flow. Total monthly income runs $3,432/mo, and a $2,349/mo payment keeps the spread at $535/mo. Purchase price stands at $480,000, and rental yield measures 8.58% with $3,432/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 124.26% and total cumulative return in cash records $197,717. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,432/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1996
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,927 (100%) |
| Owner Occupied HU | 3,288 (36.8%) |
| Renter Occupied HU | 2,327 (26.1%) |
| Vacant Housing Units | 3,312 (37.1%) |
| Median Home Value | $450,256 |
| Average Home Value | $488,708 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
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