240 S Harbor StRockaway BeachOR97136
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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
Investment property for sale in Rockaway Beach at 240 S Harbor St, Rockaway Beach, OR, 97136 with 5% annual appreciation on a $499,000 basis while $3,228/mo rent supports operations. Total monthly income totals $3,228/mo and a $2,442/mo payment preserves $216/mo for cash returns. Annual cash flow comes to $2,596/yr on $165,419 deployed, and return on cash invested reaches 21.48% in year one. Equity gained on principal adds $3,220/yr, and five-year appreciation sums $137,865 alongside rental yield of 7.76%. Five-year ROI measures 111.07% and total cumulative return in cash totals $183,726.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,228/mo property income versus a $2,442/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97136, Rockaway Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,767 (100%) |
| Owner Occupied HU | 779 (28.2%) |
| Renter Occupied HU | 258 ( 9.3%) |
| Vacant Housing Units | 1,730 (62.5%) |
| Median Home Value | $430,932 |
| Average Home Value | $465,677 |
Housing Distribution
Address Breakdown
Residential
746
Single Family
744
Multi-Family
2
Businesses
77
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Listed by: Sierra Lauder • Keller Williams Sunset Corridor
Mls Name: RMLS (OR)
Mls ID: #623405585