3621-3651 NE 10th St, Otis, OR, 97368 | 2.47% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

3621-3651 NE 10th St, Otis, OR, 97368 | 2.47% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
1647 sft

70 Alderwood St, Gleneden Beach, OR, 97388

1 Bed
1 Bath
720 sft

210 SE Surf Ave, Lincoln City, OR, 97367

2 Bed
2 Bath
1188 sft

715 SE Winchell Dr, Depoe Bay, OR, 97341

1 Bed
1 Bath
544 sft

681 SE Neptune Ave, Lincoln City, OR, 97367

Nearby investment properties with comparable prices

5 Bed
4 Bath
2467 sft

2586 SW Anemone Ave, Lincoln City, OR, 97367

3 Bed
3 Bath
2332 sft

12282 NE Coos St, Newport, OR, 97365

2 Bed
2 Bath
1134 sft

5935 El Mar Ave, Lincoln City, OR, 97367

3 Bed
3 Bath
2250 sft

239 SW Ebb Ave, Lincoln City, OR, 97367

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Otis at 3621-3651 NE 10th St, Otis, OR, 97368 listed at $875,000 pairs $1,800/mo rent with a $4,283/mo payment. Total monthly income runs $1,800/mo. Return on cash invested measures 5.55% in year one, and rental yield registers 2.47% at a $875,000 basis. Equity gained on principal adds $5,646/yr, and annual property appreciation at 5% supports $241,746 by year five. Five-year ROI tracks 25.6% and total cumulative return in cash totals $73,691. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,800/mo property income relative to a $4,283/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1966

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Two adjacent waterfront properties on Devils Lake, Oregon just 5 minutes' drive from the ocean beaches at Lincoln City. With mountain and lake views, and grass field to roast s'mores on the huge fire pit Over 200 linear feet of now scarce waterfront to moor your sailboat, ski boat, kayaks, and other toys, with the house and deck just 20 level feet from the water. Watch people fish on the bulkhead or dock from the comfort of the deck or living room - just feet away. Tucked away at the end of a quiet cul-de sac, this set of two adjacent waterfront tax lots, provides future opportunities to the observant investor as well as an opportunity to enjoy the three bedroom two bath single story ranch house that now occupies one of the lots. No need to climb down hundreds of steps to your dock as it is all level ground. Plenty of room to entertain on the huge grassy area. Croaking frogs at night and eagles flying, redwing blackbirds, and swallows during the day. 3621 NE 10th has house and 3651 NE 10th is vacant grassy field. Both properties face toward the north and are thus protected from the brunt of the winter storms. Their position on the lake also provide protection from boat wake damage during the ski season. The present owner leaves his sailboat alongside the bulkhead all winter and summer, ready to enjoy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97368, Otis, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,862 (100%)
Owner Occupied HU	1,216 (65.3%)
Renter Occupied HU	286 (15.4%)
Vacant Housing Units	360 (19.3%)
Median Home Value	$381,203
Average Home Value	$406,891