1195 3rd St, Tillamook, OR, 97141 | $291/mo Cash Flow

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1195 3rd St, Tillamook, OR, 97141 | $291/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

Investment property for sale in Tillamook at 1195 3rd St, Tillamook, OR, 97141 offers a 8.14% rental yield on a $389,000 purchase with $2,639/mo rent. Total monthly income registers $2,639/mo, and a $1,904/mo payment leaves $291/mo available for distribution. Annual cash flow reaches $3,491/yr on $128,954 to close, and return on cash invested stands at 22.62% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 117.14% and total cumulative return in cash at $151,062. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,639/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1953

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

GREAT BEACH COTTAGE overlooking creek, just 2 lots from sandy beach of Netarts Bay where crabbing & clamming reign. Fabulous whitewater ocean view! Price includes extra creekfront lot. Carve a trail along the creek's public right of way to access the beach. One level plus double garage, fireplace in open greatroom. Composite decking wraps around the house and provides a view of the bay/ocean. Just a block from the deli. Commercial zoning gives you some interesting opportunities for maximizing your investment. Seller currently does mid-term rental and would consider managing same for buyer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97141, Tillamook, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,054 (100%)
Owner Occupied HU	3,946 (55.9%)
Renter Occupied HU	1,870 (26.5%)
Vacant Housing Units	1,238 (17.6%)
Median Home Value	$432,799
Average Home Value	$471,531