5305 NE 49th St, Neotsu, OR, 97364 | 7.06% Rental Yield

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5305 NE 49th St, Neotsu, OR, 97364 | 7.06% Rental Yield | 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

Investment property for sale in Neotsu at 5305 NE 49th St, Neotsu, OR, 97364 listed at $375,000 pairs $2,207/mo rent with a $1,835/mo payment. Total monthly income runs $2,207/mo. Return on cash invested measures 19.37% in year one, and rental yield registers 7.06% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 99.73% and total cumulative return in cash totals $123,975. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,207/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1970

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

''Lakeview Cottage!'' After a day of fishing enjoy relaxing on the large deck or in front of the firepit enjoying an ice-cold beverage and the views of Devil's Lake! This fabulous one-level cottage has an open floor plan, vaulted ceiling, gas stove and lake views from both the living room and kitchen. A sliding glass door walks out to the sunny 260 sq. ft. deck! For additional space...there is a 120 sq. ft. finished Art Studio/Shop with zoned heating, washer, dryer and a utility sink. Next to the Studio is a 64 sq. ft. garden shed. Plenty of parking for a small boat or RV...and not far from Devil's Lake boat launch. Furthermore, shopping, golfing, restaurants and the Casino just a few minutes' drive away.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97364, Neotsu, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	312 (100%)
Owner Occupied HU	151 (48.4%)
Renter Occupied HU	86 (27.6%)
Vacant Housing Units	75 (24.0%)
Median Home Value	$690,972
Average Home Value	$660,430