240 3rd StOtter RockOR97369
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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
Total monthly income runs $1,993/mo, and a $2,110/mo payment. Purchase price stands at $431,000, and rental yield measures 5.55% with $1,993/mo rent. Return on cash invested shows 14.79% in year one, and 5% annual appreciation builds toward $119,077 over five years. Five-year ROI reaches 75.21% and total cumulative return in cash records $107,453. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,993/mo property income covering a $2,110/mo payment rather than investor’s personal income.
Manufactured
Built in 1982
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97369, Otter Rock, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 403 (100%) |
| Owner Occupied HU | 138 (34.2%) |
| Renter Occupied HU | 21 ( 5.2%) |
| Vacant Housing Units | 244 (60.5%) |
| Median Home Value | $531,690 |
| Average Home Value | $520,072 |
Housing Distribution
Address Breakdown
Residential
161
Single Family
149
Multi-Family
12
Businesses
3
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Listed by: Gina Rae Bebek • Realty One Group At The Beach, Newport
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-1329
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.