433 NE 8th St, Newport, OR, 97365 | $148/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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433 NE 8th St, Newport, OR, 97365 | $148/mo Cash Flow | Ziffy

For Sale

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

Investment property for sale in Newport at 433 NE 8th St, Newport, OR, 97365 earns $148/mo cash flow from $3,438/mo rent with a $2,668/mo payment. Total monthly income totals $3,438/mo, and annual cash flow totals $1,773/yr on $179,305 capital. ROI tracks 21.05% on current figures, and rental yield reads 7.57% at a $545,000 purchase. Equity gained on principal adds $3,517/yr, and 5% annual appreciation supports $150,573 over five years. Five-year ROI reaches 108.72% and total cumulative return in cash sums $194,940. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,438/mo property income instead of your personal income.

Single Family

Built in 1977

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into this much loved, spacious, split-level home that provides two generous gathering spaces, and 2 bedrooms and a bath on each level. On the lower level are two bedrooms, a bath with a low-profile shower, a large family room w/a pellet stove and another section offering a space for crafting, hobbies, or whatever you wish with a slider to the back yard. This level also has a utility room with Laundry (washer/dryer remain with the home), on demand water heater, and forced air furnace. On the upper level, covered in real hardwood flooring in the great room and stairs, you'll enjoy 2 more bedrooms, full bath, gas stub in the fireplace, a gas range/oven, and spacious kitchen. There are sliding glass doors in dining area that lead to a lovely deck overlooking the fully fenced yard! This home has been freshly painted and new vinyl windows installed within the past few years. The home is centrally located to all types of amenities as well as being central to schools of all grade levels. This neighborhood is much sought after for all of the reasons stated and more and don't come available very often. MORE PHOTOS TO COME. Come see it!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97365, Newport, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,410 (100%)
Owner Occupied HU	3,108 (48.5%)
Renter Occupied HU	2,142 (33.4%)
Vacant Housing Units	1,160 (18.1%)
Median Home Value	$484,402
Average Home Value	$591,988