2045 Netarts Bay Rd W, Tillamook, OR, 97141 | $2,750/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2045 Netarts Bay Rd W, Tillamook, OR, 97141 | $2,750/mo Cash Flow | Ziffy

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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 Tillamook at 2045 Netarts Bay Rd W, Tillamook, OR, 97141 offers a 13.86% rental yield on a $499,000 purchase with $5,762/mo rent. Total monthly income registers $5,762/mo, and a $2,442/mo payment leaves $2,750/mo available for distribution. Annual cash flow reaches $33,004/yr on $165,419 to close, and return on cash invested stands at 39.86% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 209.64% and total cumulative return in cash at $346,782. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,762/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1977

N/A lot

$N/A/sqft

No HOA

More details about the property

INVESTMENT OPPORTUNITY AT THE BEACH! Rare find. Commercially zoned property located adjacent to the bustling Netarts Bay Boat Marina and Schooner Restaurant in Netarts. Spectacular, up-close views of the bay and Cape Lookout. Just one block to sandy beach. Currently used as a multi family property (duplex) and consists of a 3BD/2BA home and an attached 1BD/1BA apartment w/ separate entrance and deck. Flexible zoning allows for a variety of uses including retail, general store, restaurant/bar and high density residential including townhomes and condominiums. Essentially bayfront as nobody can build between you and the water. 35' height limit. Property has been held in one family for decades. Opportunities like this don't come along everyday. A savvy investment all the way around!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97141, Tillamook, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,054 (100%)
Owner Occupied HU	3,946 (55.9%)
Renter Occupied HU	1,870 (26.5%)
Vacant Housing Units	1,238 (17.6%)
Median Home Value	$432,799
Average Home Value	$471,531