140 Monterey Ave, Lincoln City, OR, 97367 | 5.47% Rental Yield

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140 Monterey Ave, Lincoln City, OR, 97367 | 5.47% 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

Rental property for sale in Lincoln City at 140 Monterey Ave, Lincoln City, OR, 97367 priced at $660,000 pairs $3,007/mo rent with after a $3,230/mo payment. Total monthly income equals $3,007/mo. Return on cash invested is 14.66% in year one, and rental yield stands at 5.47% on a $660,000 basis. Equity gained on principal adds $4,259/yr, and 5% annual appreciation accumulates to $182,346 by year five. Five-year ROI measures 74.48% and total cumulative return in cash reaches $161,733. For financing, Ziffy Mortgage’s DSCR program evaluates $3,007/mo property income against a $3,230/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2005

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

A Coronado Shores Gem: First Time on the Market! This beautiful Cape Cod-style home, built by the same builders of the nearby Bella Beach subdivision, is available and ready for a new owner. Tucked away on a quiet street just three blocks from beach access, this is the coastal retreat you've been dreaming of. Step inside and be impressed by the soaring vaulted ceilings and gorgeous hardwood floors that flow throughout the home. A cozy gas fireplace provides the perfect centerpiece for the living room, creating a warm and inviting space. The best part? This home is being sold TURNKEY and fully furnished, so you can move right in and start enjoying the beach life immediately. The property offers so much more than just the main house which is 1,376 sqft per Lincoln Co. Assessor. A detached two-car garage features an additional 350 sq ft finished bonus room above creatingthe ultimate flex space. Whether you dream of a private art studio, a dedicated quilting room, or a home office, the possibilities are endless. Plus, with parking for 3-4 cars in the driveway, in addition to the garage, there's plenty of room for all your vehicles, boat, and other toys. Outside, you'll love the attractive curb appeal with its easy-care coastal vegetation and a private, sunny backyard featuring a beautiful paver patiothe ideal spot for soaking up the sun and enjoying the quiet surroundings. Community perks include multiple neighborhood beach accesses, an updated clubhouse, well-maintained pools & common areas, a beautiful beachfront cabana for whale watching or rent for personal events, trails, a park with a basketball hoop & community activities! All this with very low HOA dues!

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