46760 Highway 242, Myrtle Point, OR, 97458 | $743/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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46760 Highway 242, Myrtle Point, OR, 97458 | $743/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 Myrtle Point at 46760 Highway 242, Myrtle Point, OR, 97458 uses $92,489 cash to close to unlock $8,922/yr annual cash flow and $743/mo monthly cash flow. Total monthly income runs $2,428/mo, and a $1,366/mo payment keeps the spread at $743/mo. Purchase price stands at $279,000, and rental yield measures 10.44% with $2,428/mo rent. Return on cash invested shows 29.56% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 154.39% and total cumulative return in cash records $142,795. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,428/mo property income covering a $1,366/mo payment rather than investor’s personal income.

Single Family

Built in 1969

1.39 Acres lot

$N/A/sqft

No HOA

More details about the property

1.3 Acres with South Fork River front come located between the small logging town of Powers and Myrtle Point adjacent to the Gaylord Bridge, this 3-bedroom, 2-bath home sits on 1.3 level acres with mature fruit trees, a fenced yard, and peaceful water views. The property includes a storage shed, room for gardens or animals, and direct river access for fishing, kayaking, or just enjoying nature. Peaceful setting perfect for anyone looking to create a custom retreat in a prime location. With some TLC, this could be the riverside dream youve been waiting for!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,134 (100%)
Owner Occupied HU	1,407 (65.9%)
Renter Occupied HU	518 (24.3%)
Vacant Housing Units	209 ( 9.8%)
Median Home Value	$296,076
Average Home Value	$389,703