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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lincoln City at 2270 NE Surf Ave, Lincoln City, OR, 97367 generates $2,838/mo in rent and, after a $1,953/mo payment, leaves $389/mo in cash flow. Total monthly income is $2,838/mo, and annual cash flow is $4,674/yr on $132,269 invested. Return on cash invested sits at 23.44% in year one, and rental yield is 8.54% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 121.74% and total cumulative return in cash sums $161,018. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,838/mo property income rather than buyer’s personal income.
Townhouse
Built in 2018
8,276 sqft lot
$N/A/sqft
$40 monthly HOA
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
| 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 |
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
Date | Event | Price |
|---|---|---|
| 2025-03-30 | Listed for sale | $399,000 |
| 2024-09-09 | Listing removed | $395,000 |
| 2024-06-21 | Listed for sale | $399,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-02 | $3519.34 | 2.87% | $210,970 | 3.00% |
| 2022-04-02 | $3421.27 | 1.81% | $204,830 | 3.00% |
| 2021-04-02 | $3360.35 | 5.52% | $198,870 | 3.00% |
Listed by: Sean Corbett • Taylor & Taylor Realty Company
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-615
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Non-members should contact the listing broker directly for compensation information.
