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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 Cannon Beach at 420 Elk Creek Rd UNIT 403, Cannon Beach, OR, 97110 earns from $2,248/mo rent with a $2,125/mo payment. Total monthly income totals $2,248/mo. ROI tracks 14.55% on current figures, and rental yield reads 6.21% at a $434,200 purchase. Equity gained on principal adds $2,802/yr, and 5% annual appreciation supports $119,961 over five years. Five-year ROI reaches 74.74% and total cumulative return in cash sums $107,581. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,248/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$270 monthly HOA
Neighborhood data shown for ZIP Code: 97110, Cannon Beach, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,856 (100%) |
| Owner Occupied HU | 480 (25.9%) |
| Renter Occupied HU | 224 (12.1%) |
| Vacant Housing Units | 1,152 (62.1%) |
| Median Home Value | $760,542 |
| Average Home Value | $823,224 |
Residential
1
Single Family
1
Multi-Family
0
Businesses
185
Date | Event | Price |
|---|---|---|
| 2018-08-17 | Sold | $210,000 |
| 2018-08-08 | Pending sale | $215,000 |
| 2018-08-06 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $2161.00 | 10.68% | $171,202 | 3.00% |
| 2023-10-22 | $1952.55 | 2.67% | $166,216 | 3.00% |
| 2022-10-22 | $1901.79 | 2.10% | $161,375 | 3.00% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
