223 W Kenai StCannon BeachOR97110
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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
Total monthly income runs $3,329/mo, and a $3,764/mo payment. Purchase price stands at $769,000, and rental yield measures 5.19% with $3,329/mo rent. Return on cash invested shows 13.83% in year one, and 5% annual appreciation builds toward $212,461 over five years. Five-year ROI reaches 70.04% and total cumulative return in cash records $177,199. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,329/mo property income covering a $3,764/mo payment rather than investor’s personal income.
Single Family
Built in 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97110, Cannon Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 480 (25.9%) |
| Renter Occupied HU | 224 (12.1%) |
| Vacant Housing Units | 1,152 (62.1%) |
| Median Home Value | $760,542 |
| Average Home Value | $823,224 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
185
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Listed by: Michael Henderson • Duane Johnson Real Estate
Mls Name: RMLS (OR)
Mls ID: #676634265