15505 Oceanview Dr SPACE 16BrookingsOR97415
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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 Brookings at 15505 Oceanview Dr SPACE 16, Brookings, OR, 97415 earns $280/mo cash flow from $1,185/mo rent with a $734/mo payment. Total monthly income totals $1,185/mo, and annual cash flow totals $3,358/yr on $49,692 capital. ROI tracks 26.67% on current figures, and rental yield reads 9.49% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 138.88% and total cumulative return in cash sums $69,011. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,185/mo property income instead of your personal income.
Manufactured
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97415, Brookings, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,111 (100%) |
| Owner Occupied HU | 4,962 (61.2%) |
| Renter Occupied HU | 2,028 (25.0%) |
| Vacant Housing Units | 1,121 (13.8%) |
| Median Home Value | $451,211 |
| Average Home Value | $513,728 |
Housing Distribution
Address Breakdown
Residential
6,287
Single Family
6,020
Multi-Family
267
Businesses
699
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