4724 NE Loop Dr, Otis, OR, 97368 | 5.98% Rental Yield

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4724 NE Loop Dr, Otis, OR, 97368 | 5.98% Rental Yield | 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 Otis at 4724 NE Loop Dr, Otis, OR, 97368 listed at $549,000 pairs $2,738/mo rent with a $2,687/mo payment. Total monthly income runs $2,738/mo. Return on cash invested measures 16.23% in year one, and rental yield registers 5.98% at a $549,000 basis. Equity gained on principal adds $3,543/yr, and annual property appreciation at 5% supports $151,679 by year five. Five-year ROI tracks 82.92% and total cumulative return in cash totals $149,780. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,738/mo property income relative to a $2,687/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1969

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Waterfront Living on Devils Lake! Experience the best of lakeside living with your own 48' x 8' dock and a full-length deck overlooking stunning water views. The lakefront yard is the perfect retreatgather around the fire pit, watch the abundance of waterfowl and wildlife, or unwind in the hot tub just steps from the shore. Inside, this beautifully updated home offers an open floor plan with 3 bedrooms, a family room/ dining room with a cozy gas stove, and an inviting living room perfect for entertaining or quiet evenings in. Four sets of French doors seamlessly connect indoor and outdoor living, filling the home with light and inviting breezes off the lake. Located in a quiet neighborhood with a peaceful, country feel, yet only minutes to town. Sandpoint Park and a public boat launch are just down the street, making this the ultimate destination for recreation and relaxation. Move-in ready and waiting for you to start your lakefront lifestyle!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97368, Otis, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,862 (100%)
Owner Occupied HU	1,216 (65.3%)
Renter Occupied HU	286 (15.4%)
Vacant Housing Units	360 (19.3%)
Median Home Value	$381,203
Average Home Value	$406,891