24820 Trask River RdTillamookOR97141
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid fundamentals define the investment case at 24820 Trask River Rd, Tillamook, OR, 97141 in Tillamook: $2,321/mo in rent, $208/mo in net income, 7.96% gross yield, 1.47 DSCR, all at $350,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $96,699 in appreciation and $3,224/yr in principal paydown projects total cumulative return of $145,891.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.2% |
| Monthly Cash Flow | $208 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,321 |
| Total Monthly Debt Service | $1,973 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1993
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97141, Tillamook, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,054 (100%) |
| Owner Occupied HU | 3,946 (55.9%) |
| Renter Occupied HU | 1,870 (26.5%) |
| Vacant Housing Units | 1,238 (17.6%) |
| Median Home Value | $432,799 |
| Average Home Value | $471,531 |
Housing Distribution
Address Breakdown
Residential
5,758
Single Family
5,141
Multi-Family
617
Businesses
633
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1993
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97141, Tillamook, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,054 (100%) |
| Owner Occupied HU | 3,946 (55.9%) |
| Renter Occupied HU | 1,870 (26.5%) |
| Vacant Housing Units | 1,238 (17.6%) |
| Median Home Value | $432,799 |
| Average Home Value | $471,531 |
Housing Distribution
Address Breakdown
Residential
5,758
Single Family
5,141
Multi-Family
617
Businesses
633
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices