








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 Seaside at 1510 Spruce Dr, Seaside, OR, 97138 listed at $449,000 pairs $2,220/mo rent with a $2,198/mo payment. Total monthly income runs $2,220/mo. Return on cash invested measures 15.95% in year one, and rental yield registers 5.93% at a $449,000 basis. Equity gained on principal adds $2,897/yr, and annual property appreciation at 5% supports $124,050 by year five. Five-year ROI tracks 81.45% and total cumulative return in cash totals $121,228. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,220/mo property income relative to a $2,198/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2022
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97138, Seaside, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,933 (100%) |
| Owner Occupied HU | 3,159 (39.8%) |
| Renter Occupied HU | 2,180 (27.5%) |
| Vacant Housing Units | 2,594 (32.7%) |
| Median Home Value | $490,174 |
| Average Home Value | $581,667 |
Residential
5,150
Single Family
4,738
Multi-Family
412
Businesses
759
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Cheryl Johnson • Realty One Group Prestige
Mls Name: RMLS (OR)
Mls ID: #510395737