260 SE Port AveLincoln CityOR97367
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
Investment Highlights
Rental property for sale in Lincoln City at 260 SE Port Ave, Lincoln City, OR, 97367 priced at $376,000 converts $2,647/mo rent into $378/mo cash flow after a $1,840/mo obligation. Total monthly income equals $2,647/mo, and annual cash flow totals $4,533/yr on $124,644 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 8.45% against a $376,000 entry. Equity gained on principal adds $2,426/yr, while 5% annual appreciation compiles into $103,882 by year five. Five-year ROI reaches 122.15% and total cumulative return in cash sums $152,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,647/mo property income covering a $1,840/mo payment, not borrower’s personal income.
Single Family
Built in 1944
5,227 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 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DELENE MYERS • Re/Max Integrity Albany Branch
Mls Name: WVMLS
Mls Provider:
Mls ID: #829991
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.