2017 Gearhart Green Dr UNIT 802GearhartOR97138
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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 Gearhart at 2017 Gearhart Green Dr UNIT 802, Gearhart, OR, 97138 offers a 3.51% rental yield on a $518,990 purchase with $1,520/mo rent. 73% in year one. Equity gained on principal adds $3,349/yr while 5% annual appreciation supports $143,387 over five years. Portfolio math shows five-year ROI at 42.65% and total cumulative return in cash at $72,822. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,520/mo property income against a $2,540/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97138, Seaside, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,933 (100%) |
| Owner Occupied HU | 3,159 (39.8%) |
| Renter Occupied HU | 2,180 (27.5%) |
| Vacant Housing Units | 2,594 (32.7%) |
| Median Home Value | $490,174 |
| Average Home Value | $581,667 |
Housing Distribution
Address Breakdown
Residential
5,150
Single Family
4,738
Multi-Family
412
Businesses
759
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