48998 Highway 101 S, Neskowin, OR, 97149 | 7.78% Rental Yield

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Price: $300K - 500K

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48998 Highway 101 S, Neskowin, OR, 97149 | 7.78% Rental Yield | Ziffy

For Sale

Airbnb Potential

Rental Income

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

Total monthly income runs $2,100/mo, and a $1,586/mo payment. Purchase price stands at $324,000, and rental yield measures 7.78% with $2,100/mo rent. Return on cash invested shows 15.23% in year one, and 5% annual appreciation builds toward $89,515 over five years. Five-year ROI reaches 79.87% and total cumulative return in cash records $85,787. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,586/mo payment rather than investor’s personal income.

Single Family

Built in 1972

N/A lot

$N/A/sqft

$563 monthly HOA

More details about the property

Ocean and creek view 1 bedroom 2 full bath condo (with the option of 2 studio apartments with private entrances. Rare opportunity to own a turn key vacation rental with a transferable STR permit! You can not get these permits in this area anymore! Fully remodeled with new appliances including dishwasher and luxurious rain shower. Quartz countertops and luxury vinyl plank floor. Ocean and creek view deck. Fall asleep to the sound of the creek and the crash of the ocean waves. Relax in the hammock on the deck and walk to the creekside cafe for dinner or enjoy coffee, and pastries from the market or wood fired pizza to go! Unit comes fully furnished including an electric fireplace and for the hot summer days, air conditioning! East side unit has a private entrance with a full bath with tub, rain shower and kitchenette. This rental has 5 star reviews on Airbnb and is going strong on it's 4th year of Super Host! Fully booked in the summer months with the option to rent year round if choose. Lots of rental income potential.

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