179 E Monroe StCannon BeachOR97110
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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
Rental property for sale in Cannon Beach at 179 E Monroe St, Cannon Beach, OR, 97110 priced at $1,100,000 converts $3,200/mo rent into after a $5,384/mo obligation. Total monthly income equals $3,200/mo. Return on cash invested prints 8.79% in year one, and rental yield reads 3.49% against a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation compiles into $303,910 by year five. Five-year ROI reaches 42.91% and total cumulative return in cash sums $152,935. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,200/mo property income covering a $5,384/mo payment, not borrower’s personal income.
Single Family
Built in 1906
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97110, Cannon Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 480 (25.9%) |
| Renter Occupied HU | 224 (12.1%) |
| Vacant Housing Units | 1,152 (62.1%) |
| Median Home Value | $760,542 |
| Average Home Value | $823,224 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
185
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Listed by: Maryann Sinkler • Realty One Group Prestige
Mls Name: RMLS (OR)
Mls ID: #571309197