508 33rd StAstoriaOR97103
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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 Astoria at 508 33rd St, Astoria, OR, 97103 offers a 9.17% rental yield on a $389,500 purchase with $2,975/mo rent. Total monthly income registers $2,975/mo, and a $1,906/mo payment leaves $624/mo available for distribution. Annual cash flow reaches $7,492/yr on $129,119 to close, and return on cash invested stands at 25.71% in year one. Equity gained on principal adds $2,513/yr while 5% annual appreciation supports $107,612 over five years. Portfolio math shows five-year ROI at 133.77% and total cumulative return in cash at $172,723. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,975/mo property income against a $1,906/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97103, Astoria, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,624 (100%) |
| Owner Occupied HU | 4,858 (56.3%) |
| Renter Occupied HU | 3,089 (35.8%) |
| Vacant Housing Units | 677 ( 7.9%) |
| Median Home Value | $477,858 |
| Average Home Value | $528,653 |
Housing Distribution
Address Breakdown
Residential
7,937
Single Family
7,199
Multi-Family
738
Businesses
954
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