2939 Pacific AveCannon BeachOR97110
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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
Investment Highlights
Investment property for sale in Cannon Beach at 2939 Pacific Ave, Cannon Beach, OR, 97110 projects strong ROI of 11.22%. Rental yield 4.28%. With 5% annual appreciation, the property builds $628,541 in value over five years. Equity growth combined delivers a projected five-year ROI of 55.94%, translating into $412,350 in total cumulative return on $737,100 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 2008
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97110, Cannon Beach, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
185
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Listed by: Sally Conrad • Cascade Hasson Sotheby's International Realty
Mls Name: RMLS (OR)
Mls ID: #177566702