3087 S Hemlock StCannon 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 3087 S Hemlock St, Cannon Beach, OR, 97110 offers a 3.13% rental yield on a $1,799,000 purchase with $4,690/mo rent. 67% in year one. Equity gained on principal adds $11,609/yr while 5% annual appreciation supports $497,031 over five years. Portfolio math shows five-year ROI at 36.91% and total cumulative return in cash at $215,133. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,690/mo property income against a $8,805/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
8,276 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: ERIN FLETCHER • Coldwell Banker Professional Group
Mls Name: WVMLS
Mls ID: #836405