559 NE 60th Ct, Newport, OR, 97365 | 5.92% Rental Yield

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559 NE 60th Ct, Newport, OR, 97365 | 5.92% 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 Newport at 559 NE 60th Ct, Newport, OR, 97365 offers a 5.92% rental yield on a $389,900 purchase with $1,924/mo rent. 92% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 81.27% and total cumulative return in cash at $105,037. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,924/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 1993

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover your dream coastal retreat in this beautiful 1,984 Sq Ft Goldenwest manufactured home for sale in Newport, Oregon. Located in the premier Longview Hills 55+ gated community, this two-bedroom, two-bath plus den/office home is move-in ready and offers the perfect blend of comfort, style, and affordability. This home features: Open floor plan with high ceilings Spacious den/office for work or hobbies Beautifully landscaped front and back yards Large wrap-around deck with lake and forest views Fresh exterior paint, new 40-year roof, and three new skylights Oversized two-car garage with driveway for up to four vehicles Full kitchen with appliances included Convenient laundry room 2025 In-Process Lincoln County Real Market Value: $397,920 Lot Space Rent: $780/month Park Approval Required Why Longview Hills? This sought-after 55+ manufactured home community in Newport, Oregon, offers a vibrant, active lifestyle. Residents enjoy secure gated living, community spirit, and proximity to the beach, golf, fine dining, fishing, shopping, and the Oregon Coast Aquarium. It's one of the most desirable retirement communities on the Oregon Coast. If you're searching for a lakefront 55+ manufactured home in Newport Oregon, this home is a must-see. 2025 In-Process Lincoln County Real Market Value: $397,920 Lot Space Rent: $755/month Park Approval Required

Neighborhood Data

Neighborhood data shown for ZIP Code: 97365, Newport, OR area.

Housing Distribution

Housing Statistics

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