211 SE Oar AveLincoln CityOR97367
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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
Rental property for sale in Lincoln City at 211 SE Oar Ave, Lincoln City, OR, 97367 offers $2,274/mo rent that, after a $1,640/mo payment, leaves $252/mo cash flow. Total monthly income is $2,274/mo, and annual cash flow is $3,018/yr on $111,053 cash. Return on cash invested measures 22.63% in year one, and rental yield stands at 8.15% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 117.23% and total cumulative return in cash reaches $130,184. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,274/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,927 (100%) |
| Owner Occupied HU | 3,288 (36.8%) |
| Renter Occupied HU | 2,327 (26.1%) |
| Vacant Housing Units | 3,312 (37.1%) |
| Median Home Value | $450,256 |
| Average Home Value | $488,708 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
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Listed by: Michelle M Bernard • CENTURY 21 Shorepine Properties
Mls Name: OCMLS
Mls ID: #25-1047