349 SW Emerald StSiletzOR97380
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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 Siletz at 349 SW Emerald St, Siletz, OR, 97380 priced at $310,000 converts $2,126/mo rent into $255/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,126/mo, and annual cash flow totals $3,061/yr on $102,765 invested. Return on cash invested prints 22.89% in year one, and rental yield reads 8.23% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 118.65% and total cumulative return in cash sums $121,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,126/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97380, Siletz, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,057 (100%) |
| Owner Occupied HU | 757 (71.6%) |
| Renter Occupied HU | 211 (20.0%) |
| Vacant Housing Units | 89 ( 8.4%) |
| Median Home Value | $422,928 |
| Average Home Value | $501,711 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
420
Multi-Family
3
Businesses
42
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