16416 Alsea Hwy, Alsea, OR, 97324 | 7.03% Rental Yield

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16416 Alsea Hwy, Alsea, OR, 97324 | 7.03% 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

Total monthly income runs $2,198/mo, and a $1,835/mo payment. Purchase price stands at $375,000, and rental yield measures 7.03% with $2,198/mo rent. Return on cash invested shows 19.28% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 99.27% and total cumulative return in cash records $123,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,198/mo property income covering a $1,835/mo payment rather than investor’s personal income.

Manufactured

Built in 1993

1.95 Acres lot

$N/A/sqft

No HOA

More details about the property

Riverfront property with approximately 140 feet of river frontage and clean and move in ready double wide manufacture home on just under two acres. Home has new paint and flooring and is move in ready. Floor plan is a combination living and dining room that is open to the kitchen. Primary bedroom has a large bathroom with a walk in shower. There is an office/den that could be a 4th bedroom. Home also has an indoor laundry area. Land gently slopes down to the Alsea river with a deep swimming hole just off the bank. manufactured home has been moved twice. There is also a small portion of the lot that is across the highway. Don't miss this opportunity to own a riverfront property. A portion of the property is in the flood plain but that home does not fall within that part of the property.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97324, Alsea, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	603 (100%)
Owner Occupied HU	397 (65.8%)
Renter Occupied HU	100 (16.6%)
Vacant Housing Units	106 (17.6%)
Median Home Value	$587,924
Average Home Value	$628,822