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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 3039 Pacific St, Cannon Beach, OR, 97110 listed at $1,875,000 pairs $3,480/mo rent with a $9,177/mo payment. Total monthly income runs $3,480/mo. Return on cash invested measures 4.89% in year one, and rental yield registers 2.23% at a $1,875,000 basis. Equity gained on principal adds $12,099/yr, and annual property appreciation at 5% supports $518,028 by year five. Five-year ROI tracks 21.99% and total cumulative return in cash totals $133,586. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,480/mo property income relative to a $9,177/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
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 |
|---|---|---|
| 2024-08-05 | Price change | $1,875,000 |
| 2024-04-03 | Listed for sale | $1,975,000 |
| 2021-10-29 | Sold | $1,100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $7639.42 | 2.67% | $650,329 | 3.00% |
| 2022-10-15 | $7440.79 | 3.38% | $631,388 | 3.00% |
| 2021-10-15 | $7197.56 | 1.63% | $612,999 | 3.00% |
Listed by: Tina Chapman • Windermere Realty Trust
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24317574
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 2024-10-15 06:54:16 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.
