480 SW Siletz River DrSiletzOR97380
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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
Investment Highlights
Investment property for sale in Siletz at 480 SW Siletz River Dr, Siletz, OR, 97380 offers a 8.09% rental yield on a $344,000 purchase with $2,318/mo rent. Total monthly income registers $2,318/mo, and a $1,684/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,895/yr on $114,036 to close, and return on cash invested stands at 22.45% in year one. Equity gained on principal adds $2,220/yr while 5% annual appreciation supports $95,041 over five years. Portfolio math shows five-year ROI at 116.28% and total cumulative return in cash at $132,602. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,318/mo property income against a $1,684/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1984
1.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97380, Siletz, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,057 (100%) |
| Owner Occupied HU | 757 (71.6%) |
| Renter Occupied HU | 211 (20.0%) |
| Vacant Housing Units | 89 ( 8.4%) |
| Median Home Value | $422,928 |
| Average Home Value | $501,711 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
420
Multi-Family
3
Businesses
42
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Listed by: Stacey Clendenin • Realty One Group At The Beach, Newport
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-1377
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms.