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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Myrtle point at 51298 Myrtle Creek Rd, Myrtle point, OR, 97458 generates $1,855/mo in rent, after a $1,542/mo payment. Total monthly income is $1,855/mo. Return on cash invested sits at 19.37% in year one, and rental yield is 7.07% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 99.8% and total cumulative return in cash sums $104,213. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,855/mo property income rather than buyer’s personal income.
Manufactured
Built in 1980
10.69 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,134 (100%) |
| Owner Occupied HU | 1,407 (65.9%) |
| Renter Occupied HU | 518 (24.3%) |
| Vacant Housing Units | 209 ( 9.8%) |
| Median Home Value | $296,076 |
| Average Home Value | $389,703 |
Residential
1,886
Single Family
1,881
Multi-Family
5
Businesses
157
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jenny Forbes • Pacific Properties
Mls Name: RMLS (OR)
Mls ID: #499394958
