5188 S Summer PlLincoln CityOR97367
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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 Lincoln City at 5188 S Summer Pl, Lincoln City, OR, 97367 uses $117,583 cash to close to unlock $6,001/yr annual cash flow and $500/mo monthly cash flow. Total monthly income runs $2,641/mo, and a $1,736/mo payment keeps the spread at $500/mo. Purchase price stands at $354,700, and rental yield measures 8.93% with $2,641/mo rent. Return on cash invested shows 25.01% in year one, and 5% annual appreciation builds toward $97,997 over five years. Five-year ROI reaches 130.04% and total cumulative return in cash records $152,905. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,641/mo property income covering a $1,736/mo payment rather than investor’s personal income.
Single Family
Built in 1971
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,927 (100%) |
| Owner Occupied HU | 3,288 (36.8%) |
| Renter Occupied HU | 2,327 (26.1%) |
| Vacant Housing Units | 3,312 (37.1%) |
| Median Home Value | $450,256 |
| Average Home Value | $488,708 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
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