515 State StNorth BendOR97459
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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
Rental property for sale in North Bend at 515 State St, North Bend, OR, 97459 offers $1,936/mo rent that, after a $1,415/mo payment, leaves $191/mo cash flow. Total monthly income is $1,936/mo, and annual cash flow is $2,293/yr on $95,804 cash. Return on cash invested measures 22.3% in year one, and rental yield stands at 8.04% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Five-year ROI records 115.53% and total cumulative return in cash reaches $110,678. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,936/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97459, North Bend, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 4,148 (59.1%) |
| Renter Occupied HU | 2,113 (30.1%) |
| Vacant Housing Units | 763 (10.9%) |
| Median Home Value | $383,808 |
| Average Home Value | $449,228 |
Housing Distribution
Address Breakdown
Residential
6,254
Single Family
5,877
Multi-Family
377
Businesses
585
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Listed by: Levi Rider • Pacific Coast Real Estate & Development, LLC
Mls Name: RMLS (OR)
Mls ID: #572958320