3 Spruce DrMyrtle PointOR97458
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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 Myrtle Point at 3 Spruce Dr, Myrtle Point, OR, 97458 uses $49,725 cash to close to unlock $585/yr annual cash flow and $49/mo monthly cash flow. Total monthly income runs $954/mo, and a $734/mo payment keeps the spread at $49/mo. Purchase price stands at $150,000, and rental yield measures 7.63% with $954/mo rent. Return on cash invested shows 21.09% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 108.97% and total cumulative return in cash records $54,186. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $734/mo payment rather than investor’s personal income.
Manufactured
Built in 1972
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,134 (100%) |
| Owner Occupied HU | 1,407 (65.9%) |
| Renter Occupied HU | 518 (24.3%) |
| Vacant Housing Units | 209 ( 9.8%) |
| Median Home Value | $296,076 |
| Average Home Value | $389,703 |
Housing Distribution
Address Breakdown
Residential
1,886
Single Family
1,881
Multi-Family
5
Businesses
157
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Listed by: Jackie Osburg • Pacific Properties
Mls Name: RMLS (OR)
Mls ID: #648534004