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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 Otis at 279 N Fawn Dr, Otis, OR, 97368 priced at $297,000 converts $2,034/mo rent into $241/mo cash flow after a $1,454/mo obligation. Total monthly income equals $2,034/mo, and annual cash flow totals $2,891/yr on $98,456 invested. Return on cash invested prints 22.85% in year one, and rental yield reads 8.22% against a $297,000 entry. Equity gained on principal adds $1,916/yr, while 5% annual appreciation compiles into $82,056 by year five. Five-year ROI reaches 118.38% and total cumulative return in cash sums $116,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,454/mo payment, not borrower’s personal income.
Manufactured
Built in 2023
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97368, Otis, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,862 (100%) |
| Owner Occupied HU | 1,216 (65.3%) |
| Renter Occupied HU | 286 (15.4%) |
| Vacant Housing Units | 360 (19.3%) |
| Median Home Value | $381,203 |
| Average Home Value | $406,891 |
Residential
1,243
Single Family
1,243
Multi-Family
0
Businesses
28
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $297,000 |
| 2024-09-15 | Listing removed | $295,000 |
| 2024-09-03 | Price change | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-02 | N/A | N/A | N/A | N/A |
Listed by: Robert Vincent • Taylor & Taylor Realty Company
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-1489
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Non-members should contact the listing broker directly for compensation information.
