420 Elk Creek Rd UNIT 403Cannon BeachOR97110
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Nearby investment properties with comparable prices
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 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
Neighborhood data shown for ZIP Code: 97110, Cannon Beach, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
185
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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