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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 Reedsport at 479 Providence Dr, Reedsport, OR, 97467 priced at $499,000 converts $2,364/mo rent into after a $2,442/mo obligation. Total monthly income equals $2,364/mo. Return on cash invested prints 15.21% in year one, and rental yield reads 5.68% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 77.46% and total cumulative return in cash sums $128,130. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,364/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 2019
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97467, Reedsport, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,121 (100%) |
| Owner Occupied HU | 1,829 (58.6%) |
| Renter Occupied HU | 820 (26.3%) |
| Vacant Housing Units | 472 (15.1%) |
| Median Home Value | $337,892 |
| Average Home Value | $347,285 |
Residential
2,570
Single Family
2,570
Multi-Family
0
Businesses
275
Date | Event | Price |
|---|---|---|
| 2024-08-25 | Listed for sale | $499,000 |
| 2020-09-23 | Sold | $340,000 |
| 2020-08-21 | Pending sale | $340,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-21 | $4507.31 | 3.03% | $238,437 | 3.00% |
| 2022-10-21 | $4374.83 | 15.79% | $231,493 | 3.00% |
| 2021-10-21 | $3778.15 | -0.43% | $224,751 | 12.89% |
Listed by: Jesse Jackson • Central Coast Realty
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24438228
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-21 02:14:07 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
