4004 Ginkgo AveTillamookOR97141
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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 Tillamook at 4004 Ginkgo Ave, Tillamook, OR, 97141 listed at $385,000 pairs $2,653/mo rent with a $1,884/mo payment to leave $329/mo cash flow. Total monthly income runs $2,653/mo, and annual cash flow reaches $3,954/yr on $127,628 cash to close. Return on cash invested measures 23.01% in year one, and rental yield registers 8.27% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 119.26% and total cumulative return in cash totals $152,206. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,653/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97141, Tillamook, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,054 (100%) |
| Owner Occupied HU | 3,946 (55.9%) |
| Renter Occupied HU | 1,870 (26.5%) |
| Vacant Housing Units | 1,238 (17.6%) |
| Median Home Value | $432,799 |
| Average Home Value | $471,531 |
Housing Distribution
Address Breakdown
Residential
5,758
Single Family
5,141
Multi-Family
617
Businesses
633
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Listed by: COLLEEN BENSON • Keller Williams Capital City Benson Broker Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #829602
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.