2278 NE Hotspur LnLincoln CityOR97376
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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 2278 NE Hotspur Ln, Lincoln City, OR, 97376 priced at $699,000 pairs $3,496/mo rent with after a $3,421/mo payment. Total monthly income equals $3,496/mo. Return on cash invested is 15.86% in year one, and rental yield stands at 6% on a $699,000 basis. Equity gained on principal adds $4,511/yr, and 5% annual appreciation accumulates to $193,121 by year five. Five-year ROI measures 81.06% and total cumulative return in cash reaches $186,422. For financing, Ziffy Mortgage’s DSCR program evaluates $3,496/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
8,712 sqft lot
$N/A/sqft
$975 yearly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97376, Seal Rock, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,057 (100%) |
| Owner Occupied HU | 679 (64.2%) |
| Renter Occupied HU | 107 (10.1%) |
| Vacant Housing Units | 271 (25.6%) |
| Median Home Value | $427,055 |
| Average Home Value | $526,392 |
Housing Distribution
Address Breakdown
Residential
563
Single Family
562
Multi-Family
1
Businesses
2
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Listed by: Tori Whitbeck • Realty One Group At the Beach,
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-568
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.