1415 NW 31st Pl #269Lincoln 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 1415 NW 31st Pl #269, Lincoln City, OR, 97367 offers a 6.1% rental yield on a $368,000 purchase with $1,872/mo rent. 47% in year one. Equity gained on principal adds $2,375/yr while 5% annual appreciation supports $101,672 over five years. Portfolio math shows five-year ROI at 84.22% and total cumulative return in cash at $102,745. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,872/mo property income against a $1,801/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A 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: Steve J Rutherford • Taylor & Taylor Realty Company
Mls Name: OCMLS
Mls ID: #25-1046