48988 Us Highway 101 SNeskowinOR97149
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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 Neskowin at 48988 Us Highway 101 S, Neskowin, OR, 97149 offers a 8.05% rental yield on a $289,000 purchase with $1,938/mo rent. Total monthly income registers $1,938/mo, and a $1,415/mo payment leaves $193/mo available for distribution. Annual cash flow reaches $2,317/yr on $95,804 to close, and return on cash invested stands at 22.33% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 115.66% and total cumulative return in cash at $110,810. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,938/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
376
Multi-Family
0
Businesses
25
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