1873 E Cedar StMyrtle PointOR97458
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $954/mo, and a $1,610/mo payment. Purchase price stands at $329,000, and rental yield measures 3.48% with $954/mo rent. Return on cash invested shows 8.56% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 41.8% and total cumulative return in cash records $45,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Manufactured
Built in 2021
7,840 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Belinda Mace • Johnson Group Real Estate, LLC
Mls Name: RMLS (OR)
Mls ID: #636471071