23 Blue Heron LnGleneden BeachOR97388
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Nearby investment properties with comparable prices
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 Gleneden Beach at 23 Blue Heron Ln, Gleneden Beach, OR, 97388 priced at $770,000 pairs $5,614/mo rent with $787/mo cash flow after a $3,769/mo payment. Total monthly income equals $5,614/mo, and annual cash flow comes to $9,443/yr on $253,330 invested. Return on cash invested is 23.79% in year one, and rental yield stands at 8.75% on a $770,000 basis. Equity gained on principal adds $4,969/yr, and 5% annual appreciation accumulates to $212,737 by year five. Five-year ROI measures 123.7% and total cumulative return in cash reaches $313,377. For financing, Ziffy Mortgage’s DSCR program evaluates $5,614/mo property income against a $3,769/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
6,969 sqft lot
$N/A/sqft
$179 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97388, Gleneden Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 817 (100%) |
| Owner Occupied HU | 282 (34.5%) |
| Renter Occupied HU | 62 ( 7.6%) |
| Vacant Housing Units | 473 (57.9%) |
| Median Home Value | $521,084 |
| Average Home Value | $550,603 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
46
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Listed by: Josh Reed • Cascade Hasson Sotheby's International Realty
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-1673
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.