1475 Sherman AveNorth BendOR97459
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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 North Bend at 1475 Sherman Ave, North Bend, OR, 97459 uses $142,545 cash to close to unlock $7,009/yr annual cash flow and $584/mo monthly cash flow. Total monthly income runs $3,180/mo, and a $2,105/mo payment keeps the spread at $584/mo. Purchase price stands at $430,000, and rental yield measures 8.87% with $3,180/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 129.03% and total cumulative return in cash records $183,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,180/mo property income covering a $2,105/mo payment rather than investor’s personal income.
Single Family
Built in 1915
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97459, North Bend, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 4,148 (59.1%) |
| Renter Occupied HU | 2,113 (30.1%) |
| Vacant Housing Units | 763 (10.9%) |
| Median Home Value | $383,808 |
| Average Home Value | $449,228 |
Housing Distribution
Address Breakdown
Residential
6,254
Single Family
5,877
Multi-Family
377
Businesses
585
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Listed by: Sadena Abell • Pacific Coast Real Estate & Development, LLC
Mls Name: RMLS (OR)
Mls ID: #629133770