1309 Park Ln, Gearhart, OR, 97138 | 5.09% Rental Yield

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 Gearhart at 1309 Park Ln, Gearhart, OR, 97138 earns from $3,600/mo rent with a $4,155/mo payment. Total monthly income totals $3,600/mo. ROI tracks 13.51% on current figures, and rental yield reads 5.09% at a $849,000 purchase. Equity gained on principal adds $5,478/yr, and 5% annual appreciation supports $234,563 over five years. Five-year ROI reaches 68.29% and total cumulative return in cash sums $190,760. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,600/mo property income instead of your personal income.

Single Family

Built in 2021

0.52 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 97138, Seaside, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,933 (100%)
Owner Occupied HU	3,159 (39.8%)
Renter Occupied HU	2,180 (27.5%)
Vacant Housing Units	2,594 (32.7%)
Median Home Value	$490,174
Average Home Value	$581,667