3507 NW Port AveLincoln CityOR97367
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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 Lincoln City at 3507 NW Port Ave, Lincoln City, OR, 97367 uses $112,710 cash to close to unlock $4,810/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $2,453/mo, and a $1,664/mo payment keeps the spread at $401/mo. Purchase price stands at $340,000, and rental yield measures 8.66% with $2,453/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 125.53% and total cumulative return in cash records $141,486. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,453/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1940
8,712 sqft 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: Michelle Barnes • Taylor & Taylor Realty Company
Mls Name: OCMLS
Mls ID: #25-945