1343 SE 2nd CtLincoln CityOR97367
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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
Investment Highlights
Investment property for sale in Lincoln City at 1343 SE 2nd Ct, Lincoln City, OR, 97367 earns from $3,540/mo rent with a $3,157/mo payment. Total monthly income totals $3,540/mo. ROI tracks 18.06% on current figures, and rental yield reads 6.59% at a $644,999 purchase. Equity gained on principal adds $4,162/yr, and 5% annual appreciation supports $178,201 over five years. Five-year ROI reaches 92.7% and total cumulative return in cash sums $196,720. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,540/mo property income instead of your personal income.
Single Family
Built in 1978
3,484 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
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Listed by: Alison M Pinetti • MORE Realty
Mls Name: OCMLS
Mls ID: #LC-102796