428 Elm AveReedsportOR97467
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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
Rental property for sale in Reedsport at 428 Elm Ave, Reedsport, OR, 97467 offers $1,374/mo rent that, after a $1,463/mo payment. Total monthly income is $1,374/mo. Return on cash invested measures 14.7% in year one, and rental yield stands at 5.51% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 74.71% and total cumulative return in cash reaches $74,050. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,374/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97467, Reedsport, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,121 (100%) |
| Owner Occupied HU | 1,829 (58.6%) |
| Renter Occupied HU | 820 (26.3%) |
| Vacant Housing Units | 472 (15.1%) |
| Median Home Value | $337,892 |
| Average Home Value | $347,285 |
Housing Distribution
Address Breakdown
Residential
2,570
Single Family
2,570
Multi-Family
0
Businesses
275
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