52991 Stringtown RdMyrtle PointOR97458
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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 Myrtle Point at 52991 Stringtown Rd, Myrtle Point, OR, 97458 listed at $175,000 pairs $1,355/mo rent with a $857/mo payment to leave $298/mo cash flow. Total monthly income runs $1,355/mo, and annual cash flow reaches $3,579/yr on $58,013 cash to close. Return on cash invested measures 26.08% in year one, and rental yield registers 9.29% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 135.79% and total cumulative return in cash totals $78,775. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,355/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,886
Single Family
1,881
Multi-Family
5
Businesses
157
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Listed by: Karin Hughes • Johnson Group Real Estate, LLC
Mls Name: RMLS (OR)
Mls ID: #639071861