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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Otis at 1474 N Alvord Ln, Otis, OR, 97368 offers a 6.98% rental yield on a $429,000 purchase with $2,496/mo rent. 12% in year one. Equity gained on principal adds $2,768/yr while 5% annual appreciation supports $118,525 over five years. Portfolio math shows five-year ROI at 98.41% and total cumulative return in cash at $139,957. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,496/mo property income against a $2,100/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97368, Otis, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,862 (100%) |
| Owner Occupied HU | 1,216 (65.3%) |
| Renter Occupied HU | 286 (15.4%) |
| Vacant Housing Units | 360 (19.3%) |
| Median Home Value | $381,203 |
| Average Home Value | $406,891 |
Residential
1,243
Single Family
1,243
Multi-Family
0
Businesses
28
Date | Event | Price |
|---|---|---|
| 2025-09-30 | Sold | $429,000 |
| 2025-09-30 | Pending sale | $443,900 |
| 2025-09-17 | Contingent | $443,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $1667.68 | 3.15% | $133,120 | 2.99% |
| 2023-10-25 | $1616.81 | 2.89% | $129,250 | 3.00% |
| 2022-10-25 | $1571.47 | 2.44% | $125,490 | 3.00% |
Listed by: Heather Duncan • Taylor & Taylor Realty Company
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-1304
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms.
