118 S Caves Ave, Cave Junction, OR, 97523 | $196/mo Cash Flow

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118 S Caves Ave, Cave Junction, OR, 97523 | $196/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Cave Junction at 118 S Caves Ave, Cave Junction, OR, 97523 offers $1,916/mo rent that, after a $1,395/mo payment, leaves $196/mo cash flow. Total monthly income is $1,916/mo, and annual cash flow is $2,347/yr on $94,478 cash. Return on cash invested measures 22.39% in year one, and rental yield stands at 8.07% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 115.97% and total cumulative return in cash reaches $109,566. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,916/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1946

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 118 S Caves Ave a fully remodeled gem with endless potential! Nestled on a generous 0.25-acre lot, this charming 2-bedroom, 1-bath home offers 1,050 sq ft of updated living space. Inside, enjoy the fresh modern feel with brand new windows flooding the home with natural light, plus a new mini-split system for year-round comfort. The property's prime location offers incredible versatility whether you're looking for a cozy personal residence, a work-from-home setup, or exploring the potential for commercial or mixed-use (buyer to verify). The spacious lot provides plenty of room for expansion, parking, or outdoor entertaining. With its clean, move-in ready condition and flexible use options, 118 S Caves Ave is perfect for first-time buyers, downsizers, or investors seeking opportunity in a growing area. Don't miss your chance to secure this unique property with so many possibilities!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97523, Cave Junction, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,657 (100%)
Owner Occupied HU	2,375 (64.9%)
Renter Occupied HU	847 (23.2%)
Vacant Housing Units	435 (11.9%)
Median Home Value	$377,258
Average Home Value	$421,261