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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% |
Investment property for sale in Newport at 551 SW 3rd St, Newport, OR, 97365 at $525,000 posts ROI 22.22% with $311/mo cash flow from $3,480/mo rent. Total monthly income equals $3,480/mo, and annual cash flow records $3,727/yr on $172,725 to close. Return on cash invested measures 22.22% and rental yield reads 7.95% at the current $525,000. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 by year five. Five-year ROI prints 114.99% and total cumulative return in cash totals $198,621.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,480/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1962
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97365, Newport, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,410 (100%) |
| Owner Occupied HU | 3,108 (48.5%) |
| Renter Occupied HU | 2,142 (33.4%) |
| Vacant Housing Units | 1,160 (18.1%) |
| Median Home Value | $484,402 |
| Average Home Value | $591,988 |
Residential
4,965
Single Family
4,293
Multi-Family
672
Businesses
988
Date | Event | Price |
|---|---|---|
| 2024-10-03 | Listed for sale | $525,000 |
| 1999-02-08 | Sold | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-19 | $4038.95 | 3.18% | $229,440 | 3.00% |
| 2022-10-19 | $3914.55 | -1.30% | $222,760 | 3.00% |
| 2021-10-19 | $3965.95 | 5.59% | $216,280 | 3.00% |
Listed by: Cyndi Johnston • Keller Williams Sunset Corridor
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #24428452
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2024 RMLS, Portland, Oregon. This content last updated on 2024-10-18 17:08:24 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
