42 E Washington StRockaway BeachOR97136
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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
Total monthly income runs $2,640/mo, and a $5,526/mo payment. Purchase price stands at $1,129,000, and rental yield measures 2.81% with $2,640/mo rent. Return on cash invested shows 6.67% in year one, and 5% annual appreciation builds toward $311,922 over five years. Five-year ROI reaches 31.57% and total cumulative return in cash records $115,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $5,526/mo payment rather than investor’s personal income.
Multi Family
Built in 2025
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97136, Rockaway Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,767 (100%) |
| Owner Occupied HU | 779 (28.2%) |
| Renter Occupied HU | 258 ( 9.3%) |
| Vacant Housing Units | 1,730 (62.5%) |
| Median Home Value | $430,932 |
| Average Home Value | $465,677 |
Housing Distribution
Address Breakdown
Residential
746
Single Family
744
Multi-Family
2
Businesses
77
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Listed by: Patti Shmilenko • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls ID: #649271052