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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 Otis at 2347 N Chinook Ln, Otis, OR, 97368 offers $2,353/mo rent that, after a $2,080/mo payment. Total monthly income is $2,353/mo. Return on cash invested measures 18.1% in year one, and rental yield stands at 6.64% at a $425,000 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,420 by year five. Five-year ROI records 92.95% and total cumulative return in cash reaches $130,949. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,353/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1993
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97368, Otis, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,862 (100%) |
| Owner Occupied HU | 1,216 (65.3%) |
| Renter Occupied HU | 286 (15.4%) |
| Vacant Housing Units | 360 (19.3%) |
| Median Home Value | $381,203 |
| Average Home Value | $406,891 |
Residential
1,243
Single Family
1,243
Multi-Family
0
Businesses
28
Date | Event | Price |
|---|---|---|
| 2025-04-11 | Listed for sale | $425,000 |
| 2019-12-03 | Sold | $237,000 |
| 2019-10-18 | Pending sale | $247,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2017-04-15 | $1951.05 | 32.88% | $145,930 | 9.11% |
| 2016-04-15 | $1468.23 | N/A | $133,750 | 14.19% |
| 2015-04-15 | $1468.23 | 0.83% | $117,130 | -0.85% |
Listed by: Amy Graham • Taylor & Taylor Realty Company
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-734
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.
