1744 NE 13th StLincoln CityOR97367
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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 Lincoln City at 1744 NE 13th St, Lincoln City, OR, 97367 uses $176,015 cash to close to unlock $687/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $3,287/mo, and a $2,619/mo payment keeps the spread at $57/mo. Purchase price stands at $535,000, and rental yield measures 7.37% with $3,287/mo rent. Return on cash invested shows 20.45% in year one, and 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 105.53% and total cumulative return in cash records $185,740. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,287/mo property income covering a $2,619/mo payment rather than investor’s personal income.
Single Family
Built in 1985
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,927 (100%) |
| Owner Occupied HU | 3,288 (36.8%) |
| Renter Occupied HU | 2,327 (26.1%) |
| Vacant Housing Units | 3,312 (37.1%) |
| Median Home Value | $450,256 |
| Average Home Value | $488,708 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
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Listed by: DEBORAH HAUER • Exp Realty, Llc
Mls Name: WVMLS
Mls ID: #832189