510 Shorepines Ct, Coos Bay, OR, 97420 | $333/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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510 Shorepines Ct, Coos Bay, OR, 97420 | $333/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

Rental property for sale in Coos Bay at 510 Shorepines Ct, Coos Bay, OR, 97420 generates $1,359/mo in rent and, after a $832/mo payment, leaves $333/mo in cash flow. Total monthly income is $1,359/mo, and annual cash flow is $3,995/yr on $56,355 invested. Return on cash invested sits at 27% in year one, and rental yield is 9.59% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 140.66% and total cumulative return in cash sums $79,269. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,359/mo property income rather than buyer’s personal income.

Manufactured

Built in 1995

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this 1995 manufactured home in desirable Shorepines Bay Village a 55+ park. Many upgrades have been made. New carpeting in two main bedrooms. New luxury vinyl plank flooring in most of the house. Bathrooms have been updated and kitchen had New countertops. Plantation blinds in the living areas. This house has an open floor plan with vaulted ceilings. There is also a skylight in the kitchen that brings in a lot of light. Most appliances have been replaced within the last eight years. Back yard is completely privacy fenced, great for your fur babies. Two pets are allowed, check with park for any restrictions. Front yard is landscaped with low maintenance plantings. The house will be partially furnished. Buyers must be park approved. Current space rent is $551.00.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97420, Coos Bay, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,944 (100%)
Owner Occupied HU	7,600 (58.7%)
Renter Occupied HU	4,062 (31.4%)
Vacant Housing Units	1,282 ( 9.9%)
Median Home Value	$354,474
Average Home Value	$391,284