425 Shell Ave #4, Depoe Bay, OR, 97341 | $561/mo Cash Flow

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425 Shell Ave #4, Depoe Bay, OR, 97341 | $561/mo Cash Flow | Ziffy

For Sale

Airbnb Potential

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Depoe Bay at 425 Shell Ave #4, Depoe Bay, OR, 97341 generates $2,185/mo in rent and, after a $1,317/mo payment, leaves $561/mo in cash flow. Total monthly income is $2,185/mo, and annual cash flow is $6,731/yr on $89,174 invested. Return on cash invested sits at 27.46% in year one, and rental yield is 9.75% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 143.11% and total cumulative return in cash sums $127,619. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,185/mo property income rather than buyer’s personal income.

Condo

Built in 2007

871.20 sqft lot

$N/A/sqft

No HOA

More details about the property

Wow: Seller will pay for 'One-Year' of HOA fees on a full price offer! This condo is in Immaculate condition with Views out to Depoe Bay Creek, the Harbor and the Distance Mountains...A wonderful place for full time living or to have as a vacation home getaway! An open floor plan with a row of windows allows for plenty of light and to enjoy the views! The deck off the living room, a perfect place to sit and sip on your favorite beverage...and a gas fireplace to cozy up to on those stormy days! The Location...perfect...you can stroll down to the Harbor, or along the park trail that runs along Depoe Bay Creek...keep on strolling right into town and visit some of the great restaurants and retail shops...or just relax and watch the Whales. This condo has 2 dedicated parking spots...one is in the carport. It also has a small storage closet, a built-in sprinkler system, zoned heating in the rooms and a stackable washer and dryer. The two bedrooms had the carpeting removed and hard wood installed. HOAs also cover Gas, Water, Sewer, Garbage, Maintenance on the outside of Condo (Roof, Siding, Gutters and Windows) window cleaning twice a year, carport, landscaping, etc. You can have two small indoor pets! Vacation rentals are not allowed but long-term rentals are OK.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97341, Depoe Bay, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,514 (100%)
Owner Occupied HU	1,097 (43.6%)
Renter Occupied HU	354 (14.1%)
Vacant Housing Units	1,063 (42.3%)
Median Home Value	$446,283
Average Home Value	$528,257