3190 NE Union AveLincoln CityOR97367
Nearby investment properties with comparable rents
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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
Rental property for sale in Lincoln City at 3190 NE Union Ave, Lincoln City, OR, 97367 generates $4,969/mo in rent and, after a $3,617/mo payment, leaves $508/mo in cash flow. Total monthly income is $4,969/mo, and annual cash flow is $6,100/yr on $243,131 invested. Return on cash invested sits at 22.57% in year one, and rental yield is 8.07% on a $739,000 entry. Equity gained on principal adds $4,769/yr, while 5% annual appreciation builds toward $204,172 over five years. Five-year ROI reaches 116.88% and total cumulative return in cash sums $284,168. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,969/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
3.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,927 (100%) |
| Owner Occupied HU | 3,288 (36.8%) |
| Renter Occupied HU | 2,327 (26.1%) |
| Vacant Housing Units | 3,312 (37.1%) |
| Median Home Value | $450,256 |
| Average Home Value | $488,708 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
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Listed by: Heather Marie Nerup • Coldwell Banker Professional Group - Lincoln City
Mls Name: OCMLS
Mls ID: #LC-105213