209 N 3rd St, Manzanita, OR, 97130 | 3.88% Rental Yield

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Price: $300K - 500K

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209 N 3rd St, Manzanita, OR, 97130 | 3.88% Rental Yield | Ziffy

For Sale

Rental Income

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 Manzanita at 209 N 3rd St, Manzanita, OR, 97130 offers a 3.88% rental yield on a $1,299,000 purchase with $4,200/mo rent. 99% in year one. Equity gained on principal adds $8,382/yr while 5% annual appreciation supports $358,890 over five years. Portfolio math shows five-year ROI at 49.34% and total cumulative return in cash at $207,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $6,358/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2022

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to your ideal beach getaway or investment! This stunning 4-bedroom, 3-bath home comes fully furnished and turnkey Ready for full-time living or short-term rental (R4 Limited Commercial zoning allows STRs without waiting list; buyers to confirm licensing). Enjoy the open floor plan, high ceilings with an exposed beam, floor-to-ceiling windows that fill the home with light, and a cozy propane fireplace. The gourmet kitchen features high-end finishes, soft-close cabinets, a propane range, and a spacious island open to the dining and living areas. With 3 king beds, a large loft family room, heat pump with AC, EV charger, and 3 full baths, comfort comes standard. Relax outdoors year-round on covered porches with a gas BBQ and firepit. Quiet, private, fully fenced backyard, and only block from downtown and 3 blocks to the beach This is the best of small-town coastal living!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97130, Manzanita, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,464 (100%)
Owner Occupied HU	320 (21.9%)
Renter Occupied HU	81 ( 5.5%)
Vacant Housing Units	1,063 (72.6%)
Median Home Value	$777,778
Average Home Value	$788,469