1302 SW 63rd St, Lincoln City, OR, 97367 | $530/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1302 SW 63rd St, Lincoln City, OR, 97367 | $530/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 Lincoln City at 1302 SW 63rd St, Lincoln City, OR, 97367 generates $2,944/mo in rent and, after a $1,957/mo payment, leaves $530/mo in cash flow. Total monthly income is $2,944/mo, and annual cash flow is $6,365/yr on $132,567 invested. Return on cash invested sits at 24.71% in year one, and rental yield is 8.83% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 128.4% and total cumulative return in cash sums $170,216. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,944/mo property income rather than buyer’s personal income.

Single Family

Built in 1980

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Here are the Keys! This beautifully remodeled home is perfect just the way it is! You will love the open floor plan and that light airy feeling it has. Several of the upgrades include painted interior, newer laminate flooring, soft close cabinets in the kitchen and granite countertops. The large kitchen island has a breakfast bar. There is the high efficiency gas forced-air heater and much more. The home comes completely furnished and all appliances are also included in the sale! The newer deck is partially covered, and the yard is fully fenced. Lots to do here: take the walking trail through the woods, the Kids Park and Beach are just a few blocks away. You can walk or bike into town and visit some great restaurants/pubs and coffee shops. Or go clamming at the beach by the house! If you like to fish a 15-minute drive will take you to a boat launch with a dock on the Siletz River where you can fish for some great Salmon! Or take a 10-minute drive into Depoe Bay to do some Whale Watching!

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