16855 Highway 42Myrtle 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 16855 Highway 42, Myrtle Point, OR, 97458 offers a 2.52% rental yield on a $453,500 purchase with $954/mo rent. 67% in year one. Equity gained on principal adds $2,926/yr while 5% annual appreciation supports $125,294 over five years. Portfolio math shows five-year ROI at 26.31% and total cumulative return in cash at $39,553. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $954/mo property income against a $2,220/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
10 Acres 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: Randi Jennings • River Cities Realty Inc
Mls Name: RMLS (OR)
Mls ID: #24266149