15 SW Johnson St, Depoe Bay, OR, 97341 | 6.09% Rental Yield

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15 SW Johnson St, Depoe Bay, OR, 97341 | 6.09% 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 Depoe Bay at 15 SW Johnson St, Depoe Bay, OR, 97341 generates $3,120/mo in rent, after a $3,010/mo payment. Total monthly income is $3,120/mo. Return on cash invested sits at 16.55% in year one, and rental yield is 6.09% on a $615,000 entry. Equity gained on principal adds $3,969/yr, while 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 84.58% and total cumulative return in cash sums $171,125. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity! This new construction homescheduled for completion in Winter 2025sits in C-1 zoning with SHORT TERM RENTAL ELIGIBILITY, no HOA, and no CCRs. It's located just minutes from downtown, the historic harbor, scenic trails, beaches, restaurants, and sightseeing. Highlights include a primary suite on the main floor, vinyl flooring, quartz countertops, oak cabinetry, stainless steel appliances, solar-ready design, covered patio, and gas BBQ hookup. Don't miss out!! *Photos are of a similar home. This listing is marketed outside of Simplicity Homes and will not hold Simplicity Homes liable for any misrepresentation of property details or specifications.''

Neighborhood Data

Neighborhood data shown for ZIP Code: 97341, Depoe Bay, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,514 (100%)
Owner Occupied HU	1,097 (43.6%)
Renter Occupied HU	354 (14.1%)
Vacant Housing Units	1,063 (42.3%)
Median Home Value	$446,283
Average Home Value	$528,257