247 SE Neptune Ave, Lincoln City, OR, 97367 | $408/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lincoln City at 247 SE Neptune Ave, Lincoln City, OR, 97367 offers $1,465/mo rent that, after a $857/mo payment, leaves $408/mo cash flow. Total monthly income is $1,465/mo, and annual cash flow is $4,899/yr on $58,013 cash. Return on cash invested measures 28.35% in year one, and rental yield stands at 10.05% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 147.97% and total cumulative return in cash reaches $85,843. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,465/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1967

2,613 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,927 (100%)
Owner Occupied HU	3,288 (36.8%)
Renter Occupied HU	2,327 (26.1%)
Vacant Housing Units	3,312 (37.1%)
Median Home Value	$450,256
Average Home Value	$488,708