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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% |
Rental property for sale in Gleneden Beach at 445 Summitview Ln, Gleneden Beach, OR, 97388 offers $5,042/mo rent that, after a $4,890/mo payment. Total monthly income is $5,042/mo. Return on cash invested measures 16.45% in year one, and rental yield stands at 6.06% at a $999,000 entry. Equity gained on principal adds $6,446/yr while 5% annual appreciation compounds into $276,005 by year five. Five-year ROI records 84.06% and total cumulative return in cash reaches $276,290. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,042/mo property income versus a $4,890/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97388, Gleneden Beach, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 817 (100%) |
| Owner Occupied HU | 282 (34.5%) |
| Renter Occupied HU | 62 ( 7.6%) |
| Vacant Housing Units | 473 (57.9%) |
| Median Home Value | $521,084 |
| Average Home Value | $550,603 |
Residential
0
Single Family
0
Multi-Family
0
Businesses
46
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michael Kessinger • Premiere Property Group, LLC (Newport)
Mls Name: OCMLS
Mls ID: #25-2334
