197 Sea Crest Ln, Otter Rock, OR, 97369 | 3.79% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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197 Sea Crest Ln, Otter Rock, OR, 97369 | 3.79% 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

Rental property for sale in Otter Rock at 197 Sea Crest Ln, Otter Rock, OR, 97369 offers $2,712/mo rent that, after a $4,204/mo payment. Total monthly income is $2,712/mo. Return on cash invested measures 9.56% in year one, and rental yield stands at 3.79% at a $859,000 entry. Equity gained on principal adds $5,543/yr while 5% annual appreciation compounds into $237,326 by year five. Five-year ROI records 47.12% and total cumulative return in cash reaches $133,167. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,712/mo property income versus a $4,204/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2005

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover the ultimate coastal home, with ''Sensational Ocean Views'', providing an unparalleled seaside living experience. Located in a highly desirable gated community of ''Sea Crest'' at Otter Rock. This thoughtfully designed 3-bedroom, 2-bath, 2-car garage home, offers an open floor plan that allows for a seamless flow between the rooms. This exceptional property showcases beautiful cathedral ceilings with large windows that invite natural light while providing great viewing of coastal wildlife such as whales, eagles, seals, and pelicans. Updates include newer kitchen appliances and new updated deck in 2024. The homes landscaping offers a beautiful forested retreat with a tranquil pond and a winding trail system that meanders through lush landscapes, crossing streams and leading to ... Ocean viewpoints of Cape Foul Weather. Sea Crest amenities include a clubhouse, tennis courts and peaceful walking paths. Located just 5 miles from Depoe Bay the Whale Watching Capital and 8 miles to Newport and all of its amenities! this home offers easy access to the best of the Oregon Coast. Experience coastal living at its finest, schedule your private showing today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97369, Otter Rock, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	403 (100%)
Owner Occupied HU	138 (34.2%)
Renter Occupied HU	21 ( 5.2%)
Vacant Housing Units	244 (60.5%)
Median Home Value	$531,690
Average Home Value	$520,072