1532 Maryland AveMyrtle PointOR97458
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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 Myrtle Point at 1532 Maryland Ave, Myrtle Point, OR, 97458 listed at $299,000 pairs $1,878/mo rent with a $1,463/mo payment to leave $74/mo cash flow. Total monthly income runs $1,878/mo, and annual cash flow reaches $884/yr on $99,119 cash to close. Return on cash invested measures 20.8% in year one, and rental yield registers 7.54% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 107.43% and total cumulative return in cash totals $106,486. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,878/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,134 (100%) |
| Owner Occupied HU | 1,407 (65.9%) |
| Renter Occupied HU | 518 (24.3%) |
| Vacant Housing Units | 209 ( 9.8%) |
| Median Home Value | $296,076 |
| Average Home Value | $389,703 |
Housing Distribution
Address Breakdown
Residential
1,886
Single Family
1,881
Multi-Family
5
Businesses
157
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Listed by: Karin Hughes • Johnson Group Real Estate, LLC
Mls Name: RMLS (OR)
Mls ID: #480397597