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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 Tidewater at 429 E Evans Dr, Tidewater, OR, 97390 offers a 7.29% rental yield on a $489,000 purchase with $2,972/mo rent. Total monthly income registers $2,972/mo, and a $2,393/mo payment leaves $21/mo available for distribution. Annual cash flow reaches $249/yr on $162,104 to close, and return on cash invested stands at 20.06% in year one. Equity gained on principal adds $3,155/yr while 5% annual appreciation supports $135,102 over five years. Portfolio math shows five-year ROI at 103.46% and total cumulative return in cash at $167,710. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,972/mo property income against a $2,393/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97390, Tidewater, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 541 (100%) |
| Owner Occupied HU | 283 (52.3%) |
| Renter Occupied HU | 62 (11.5%) |
| Vacant Housing Units | 196 (36.2%) |
| Median Home Value | $457,979 |
| Average Home Value | $551,935 |
Residential
190
Single Family
188
Multi-Family
2
Businesses
27
Date | Event | Price |
|---|---|---|
| 2025-03-13 | Listed for sale | $489,000 |
| 2022-07-12 | Sold | $448,000 |
| 2022-06-07 | Pending sale | $445,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-16 | $2028.48 | -13.16% | $152,810 | -13.79% |
| 2022-03-16 | $2335.81 | -0.48% | $177,260 | 3.00% |
| 2021-03-16 | $2346.98 | 5.06% | $172,100 | 3.00% |
Listed by: Gwendolyn Lahti • Realty One Group At the Beach,
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-452
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Non-members should contact the listing broker directly for compensation information.
