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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 24 N Trout Ln, Otis, OR, 97368 priced at $599,000 pairs $2,544/mo rent with after a $2,932/mo payment. Total monthly income equals $2,544/mo. Return on cash invested is 13.53% in year one, and rental yield stands at 5.1% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 68.44% and total cumulative return in cash reaches $134,866. For financing, Ziffy Mortgage’s DSCR program evaluates $2,544/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
10,018 sqft 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 |
|---|---|---|
| 2025-04-29 | Listed for sale | $599,000 |
| 2022-01-10 | Sold | $369,000 |
| 2021-11-05 | Pending sale | $369,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-01 | $2047.09 | 37.80% | $170,420 | 37.78% |
| 2022-05-01 | $1485.59 | 9.86% | $123,690 | 10.19% |
| 2021-05-01 | $1352.23 | 5.17% | $112,250 | 2.99% |
Listed by: Ryan Lee Maddy • Coldwell Banker Professional Group - Lincoln City
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-905
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.
