2690 Gardens Ave, Reedsport, OR, 97467 | $304/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2690 Gardens Ave, Reedsport, OR, 97467 | $304/mo Cash Flow | Ziffy

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

Investment property for sale in Reedsport at 2690 Gardens Ave, Reedsport, OR, 97467 offers a 8.23% rental yield on a $369,900 purchase with $2,536/mo rent. Total monthly income registers $2,536/mo, and a $1,810/mo payment leaves $304/mo available for distribution. Annual cash flow reaches $3,644/yr on $122,622 to close, and return on cash invested stands at 22.88% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 118.59% and total cumulative return in cash at $145,414. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,536/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1953

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Step inside 2690 Gardens Ave, Reedsport, OR 97467, and discover a welcoming home with charming curb appeal. Enjoy the beautiful covered porch featuring sturdy rock-covered beams and elegant brick exterior accents. This 3-bedroom, 2-bathroom residence includes an office and offers double-pane vinyl windows and durable laminate flooring throughout. Relax in the living room with a cozy fireplace set against a stylish accent wall, or unwind in the family room with its own electric fireplace. The kitchen is well-appointed with a refrigerator, range, microwave, tile flooring, and ample countertop space for all your cooking needs. Each spacious bedroom has ceiling fans for comfort, and the laundry room is equipped with a sink, washer, dryer, cabinetry, and extra countertop space for folding. Additional features include an attached one-car garage, a fenced backyard, a concrete covered patio, and a detached workshop. This home is ready for you to make it your owndont miss out on this fantastic opportunity!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97467, Reedsport, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,121 (100%)
Owner Occupied HU	1,829 (58.6%)
Renter Occupied HU	820 (26.3%)
Vacant Housing Units	472 (15.1%)
Median Home Value	$337,892
Average Home Value	$347,285