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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cannon Beach at 264 E Elliott Way, Cannon Beach, OR, 97110 priced at $799,999 converts $3,480/mo rent into after a $3,916/mo obligation. Total monthly income equals $3,480/mo. Return on cash invested prints 13.91% in year one, and rental yield reads 5.22% against a $799,999 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation compiles into $221,025 by year five. Five-year ROI reaches 70.43% and total cumulative return in cash sums $185,359. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,480/mo property income covering a $3,916/mo payment, not borrower’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97110, Cannon Beach, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 480 (25.9%) |
| Renter Occupied HU | 224 (12.1%) |
| Vacant Housing Units | 1,152 (62.1%) |
| Median Home Value | $760,542 |
| Average Home Value | $823,224 |
Residential
1
Single Family
1
Multi-Family
0
Businesses
185
Date | Event | Price |
|---|---|---|
| 2025-04-15 | Listed for sale | $799,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jackie Weber • Windermere Realty Trust
Mls Name: Tillamook County BOR
Mls ID: #25-196
Disclaimer: Copyright Tillamook County Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
