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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 Reedsport at 2955 Ridgeway Dr, Reedsport, OR, 97467 priced at $399,000 pairs $2,364/mo rent with after a $1,953/mo payment. Total monthly income equals $2,364/mo. Return on cash invested is 19.5% in year one, and rental yield stands at 7.11% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 100.49% and total cumulative return in cash reaches $132,914. For financing, Ziffy Mortgage’s DSCR program evaluates $2,364/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97467, Reedsport, OR area.
| 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 |
Residential
2,570
Single Family
2,570
Multi-Family
0
Businesses
275
Date | Event | Price |
|---|---|---|
| 2024-09-21 | Price change | $399,000 |
| 2024-09-12 | Listed for sale | $410,000 |
| 2006-11-17 | Sold | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $3371.55 | 3.03% | $178,355 | 3.00% |
| 2022-10-21 | $3272.44 | 15.01% | $173,161 | 3.00% |
| 2021-10-21 | $2845.27 | -8.53% | $168,118 | 3.00% |
Listed by: Levi Rider • National Real Estate
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24019914
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 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-21 02:14:07 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.
