503 S 6th AveRockaway BeachOR97136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 Rockaway Beach at 503 S 6th Ave, Rockaway Beach, OR, 97136 uses $48,068 cash to close to unlock $2,718/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,102/mo, and a $710/mo payment keeps the spread at $226/mo. Purchase price stands at $145,000, and rental yield measures 9.12% with $1,102/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 133.03% and total cumulative return in cash records $63,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,102/mo property income covering a $710/mo payment rather than investor’s personal income.
Manufactured
Built in 1974
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97136, Rockaway Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,767 (100%) |
| Owner Occupied HU | 779 (28.2%) |
| Renter Occupied HU | 258 ( 9.3%) |
| Vacant Housing Units | 1,730 (62.5%) |
| Median Home Value | $430,932 |
| Average Home Value | $465,677 |
Housing Distribution
Address Breakdown
Residential
746
Single Family
744
Multi-Family
2
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Allison Grice • KJK Properties PC
Mls Name: RMLS (OR)
Mls ID: #670180016