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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newport at 3930 NE Megginson St APT B, Newport, OR, 97365 with 5% annual appreciation on a $435,000 basis while $3,256/mo rent supports operations. Total monthly income totals $3,256/mo and a $2,129/mo payment preserves $217/mo for cash returns. Annual cash flow comes to $2,599/yr on $144,203 deployed, and return on cash invested reaches 21.71% in year one. Equity gained on principal adds $2,807/yr, and five-year appreciation sums $120,182 alongside rental yield of 8.98%. Five-year ROI measures 113.56% and total cumulative return in cash totals $163,752.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,256/mo property income versus a $2,129/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1990
N/A lot
$N/A/sqft
$400 monthly HOA
Neighborhood data shown for ZIP Code: 97365, Newport, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,410 (100%) |
| Owner Occupied HU | 3,108 (48.5%) |
| Renter Occupied HU | 2,142 (33.4%) |
| Vacant Housing Units | 1,160 (18.1%) |
| Median Home Value | $484,402 |
| Average Home Value | $591,988 |
Residential
4,965
Single Family
4,293
Multi-Family
672
Businesses
988
Date | Event | Price |
|---|---|---|
| 2024-07-02 | Listed for sale | $435,000 |
| 2022-08-11 | Sold | $385,000 |
| 2022-07-16 | Pending sale | $390,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-19 | $4383.59 | 3.18% | $249,020 | 3.00% |
| 2022-10-19 | $4248.63 | -1.29% | $241,770 | 3.00% |
| 2021-10-19 | $4304.26 | 5.60% | $234,730 | 3.00% |
Listed by: Amy Graham • Taylor & Taylor Realty Company
Mls Name: OCMLS
Mls Provider:
Mls ID: #24-1474
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Non-members should contact the listing broker directly for compensation information.
