13474 Old Highway 99 S, Myrtle Creek, OR, 97457 | 2.72% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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13474 Old Highway 99 S, Myrtle Creek, OR, 97457 | 2.72% Rental Yield | 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

Total monthly income runs $1,200/mo, and a $2,589/mo payment. Purchase price stands at $529,000, and rental yield measures 2.72% with $1,200/mo rent. Return on cash invested shows 6.32% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 29.75% and total cumulative return in cash records $51,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,200/mo property income covering a $2,589/mo payment rather than investor’s personal income.

Single Family

Built in 1930

3.72 Acres lot

$N/A/sqft

No HOA

More details about the property

Must see waterfront property! 2bd/2ba farmhouse recently received many updates! Brand new LVP flooring through-out, main bathroom is fully remodeled with a roll-in shower & the second bathroom has a jetted tub for ultimate relaxation! Property also includes a 480sqft cabin with a kitchen, bedroom, shower & loft. Brand new pellet stove & built in A/C unit. The oversized 3 bay shop includes a car lift, running water and instant hot water heater! Additional highlights include 2 RV parking spots with 220 power & water hook-ups, a 2 stall 10x20 barn, 100+ yard shooting range & several producing fruit trees. Well is high flowing that includes a 3000-gallon storage tank & a whole home filtration system. Old water rights with pump & 4 line in-ground irrigation system. The hill down to the river has been made into a waterslide with 2 irrigation sites at the top for full water fun. Property has also been approved for a SDU to build onto the property if desired. Enjoy privacy right on the South Umpqua River with amazing bass & salmon fishing. Close to 1-5 for all of your needs! This is a true hidden gem! Buyer to do due diligence.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97457, Myrtle Creek, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,687 (100%)
Owner Occupied HU	3,189 (68.0%)
Renter Occupied HU	1,167 (24.9%)
Vacant Housing Units	331 ( 7.1%)
Median Home Value	$402,135
Average Home Value	$458,837