1307 3rd St, Tillamook, OR, 97141 | 5.92% Rental Yield

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Rental Income

Ziffy Mortgage

NMLS #2625701

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1310 McCormick Loop Rd, Tillamook, OR, 97141

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

Total monthly income runs $2,160/mo, and a $2,144/mo payment. Purchase price stands at $438,000, and rental yield measures 5.92% with $2,160/mo rent. Return on cash invested shows 15.91% in year one, and 5% annual appreciation builds toward $121,011 over five years. Five-year ROI reaches 81.19% and total cumulative return in cash records $117,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $2,144/mo payment rather than investor’s personal income.

Single Family

Built in 1943

5,662 sqft lot

$N/A/sqft

No HOA

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