2260 Meade StNorth BendOR97459
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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 North Bend at 2260 Meade St, North Bend, OR, 97459 generates $1,500/mo in rent and, after a $1,170/mo payment, leaves $57/mo in cash flow. Total monthly income is $1,500/mo, and annual cash flow is $686/yr on $79,229 invested. Return on cash invested sits at 20.77% in year one, and rental yield is 7.53% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 107.33% and total cumulative return in cash sums $85,032. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in 1916
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97459, North Bend, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 4,148 (59.1%) |
| Renter Occupied HU | 2,113 (30.1%) |
| Vacant Housing Units | 763 (10.9%) |
| Median Home Value | $383,808 |
| Average Home Value | $449,228 |
Housing Distribution
Address Breakdown
Residential
6,254
Single Family
5,877
Multi-Family
377
Businesses
585
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Listed by: Alice Parsons • AP Coast Realty, LLC
Mls Name: RMLS (OR)
Mls ID: #156359782