48988 Highway 101 S #137F, Neskowin, OR, 97149 | $742/mo Cash Flow

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48988 Highway 101 S #137F, Neskowin, OR, 97149 | $742/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 Neskowin at 48988 Highway 101 S #137F, Neskowin, OR, 97149 listed at $225,000 pairs $2,100/mo rent with a $1,101/mo payment to leave $742/mo cash flow. Total monthly income runs $2,100/mo, and annual cash flow reaches $8,905/yr on $74,588 cash to close. Return on cash invested measures 31.85% in year one, and rental yield registers 11.2% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 166.74% and total cumulative return in cash totals $124,365. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,100/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1971

N/A lot

$N/A/sqft

No HOA

More details about the property

Where the Coast Meets Comfort Just Steps from the Beach.Welcome to Proposal Rock Inn Condominiums, where the rhythm of the ocean sets the pace for your days. This charming 1-bedroom, 1-bathroom first-floor unit offers effortless, turn-key living in the heart of Neskowin. Inside, fresh paint and a brand-new refrigerator set a light, welcoming tone, while the fully furnished interior complete with a queen-sized pull-out couch makes hosting a breeze. Slide open the door to your private deck overlooking peaceful Hawk Creek, the perfect spot for morning coffee or an evening glass of wine as the sun dips low. Just outside, stroll a few steps to the sandy shoreline for a morning beach walk, or pop over to Caf Hawk Creek and Neskowin Provisions for a gourmet bite or a cozy latte. With open parking, all-inclusive HOA coverage (including utilities, internet, cable, and exterior maintenance), and a location that blends nature, convenience, and coastal charm, this is more than a condo its your Oregon beach lifestyle, ready and waiting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97149, Neskowin, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	866 (100%)
Owner Occupied HU	246 (28.4%)
Renter Occupied HU	56 ( 6.5%)
Vacant Housing Units	564 (65.1%)
Median Home Value	$661,111
Average Home Value	$733,354