2815 E Slope Rd, Otis, OR, 97368 | 3.75% Rental Yield

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2815 E Slope Rd, Otis, OR, 97368 | 3.75% Rental Yield | 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 Otis at 2815 E Slope Rd, Otis, OR, 97368 offers a 3.75% rental yield on a $975,000 purchase with $3,044/mo rent. 43% in year one. Equity gained on principal adds $6,292/yr while 5% annual appreciation supports $269,375 over five years. Portfolio math shows five-year ROI at 46.42% and total cumulative return in cash at $148,899. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,044/mo property income against a $4,772/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1971

0.44 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover this rare opportunity in sought-after Cascade Head Ranch community in Otis! This 3-bedroom, 3-bath home showcases breathtaking ocean views from multiple rooms and offers a flexible layout that could easily work for a dual-living situation. Tucked away on 0.44 acres in a serene setting surrounded by nature, you'll also enjoy access to the community's river house, walking trails and the peaceful charm of this neighborhood. Properties here are seldom available, so don't miss your chance to see this incredible home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97368, Otis, OR area.

Housing Distribution

Housing Statistics

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