1413 Hawthorne Ave SPACE 35ReedsportOR97467
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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 Reedsport at 1413 Hawthorne Ave SPACE 35, Reedsport, OR, 97467 uses $39,449 cash to close to unlock $2,126/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $895/mo, and a $582/mo payment keeps the spread at $177/mo. Purchase price stands at $119,000, and rental yield measures 9.03% with $895/mo rent. Return on cash invested shows 25.3% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 131.64% and total cumulative return in cash records $51,929. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $895/mo property income covering a $582/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
3.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97467, Reedsport, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,121 (100%) |
| Owner Occupied HU | 1,829 (58.6%) |
| Renter Occupied HU | 820 (26.3%) |
| Vacant Housing Units | 472 (15.1%) |
| Median Home Value | $337,892 |
| Average Home Value | $347,285 |
Housing Distribution
Address Breakdown
Residential
2,570
Single Family
2,570
Multi-Family
0
Businesses
275
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