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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% |
Investment property for sale in Cannon Beach at 2887 S Hemlock St, Cannon Beach, OR, 97110 projects strong ROI of 3.55%. Rental yield 1.79%. With 5% annual appreciation, the property builds $643,460 in value over five years. Equity growth combined delivers a projected five-year ROI of 14.81%, translating into $111,724 in total cumulative return on $754,596 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2022
5,227 sqft 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 |
|---|---|---|
| 2025-07-01 | Listed for sale | $2,329,000 |
| 2021-01-15 | Sold | $285,000 |
| 2020-12-19 | Pending sale | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-03 | $7003.12 | 141.98% | $554,808 | 125.20% |
| 2023-07-03 | $2894.06 | 26.03% | $246,365 | 26.44% |
| 2022-07-03 | $2296.27 | 3.75% | $194,850 | 3.00% |
Listed by: Julia Radditz • Totem Properties LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #385187455
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-07-03 11:54:08 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
