1890 NE East Devils Lake Rd, Otis, OR, 97368 | 4.15% Rental Yield

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1890 NE East Devils Lake Rd, Otis, OR, 97368 | 4.15% 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

Investment property for sale in Otis at 1890 NE East Devils Lake Rd, Otis, OR, 97368 listed at $1,399,000 pairs $4,843/mo rent with a $6,847/mo payment. Total monthly income runs $4,843/mo. Return on cash invested measures 10.84% in year one, and rental yield registers 4.15% at a $1,399,000 basis. Equity gained on principal adds $9,028/yr, and annual property appreciation at 5% supports $386,518 by year five. Five-year ROI tracks 53.88% and total cumulative return in cash totals $244,241. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,843/mo property income relative to a $6,847/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2019

5 Acres lot

$N/A/sqft

No HOA

More details about the property

Custom Craftsman on 5 Acres Overlooking Devils Lake - Lincoln City, Oregon. Welcome to your dream home on the Oregon Coast! This custom-built craftsman offers over 3,500 sq ft of open living space on 5 acres with panoramic views of Devils Lake, just outside Lincoln City. Featuring two main-level en suites, vaulted ceilings, 9-foot ceilings, and walls of windows, this home is designed to capture lake views from nearly every room. The gourmet kitchen includes granite and quartz countertops, glass tile backsplash, built-in convection ovens, a butler's pantry, and hardwood floors, creating the perfect space for entertaining. Step out onto your 256 sq ft deck with gas hookups for a barbecue and fire pit, or relax on the covered front porch with 8-foot entry doors.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97368, Otis, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,862 (100%)
Owner Occupied HU	1,216 (65.3%)
Renter Occupied HU	286 (15.4%)
Vacant Housing Units	360 (19.3%)
Median Home Value	$381,203
Average Home Value	$406,891