559 Ridge DrManzanitaOR97130
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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
Rental property for sale in Manzanita at 559 Ridge Dr, Manzanita, OR, 97130 priced at $949,000 pairs $4,199/mo rent with after a $4,645/mo payment. Total monthly income equals $4,199/mo. Return on cash invested is 14.18% in year one, and rental yield stands at 5.31% on a $949,000 basis. Equity gained on principal adds $6,124/yr, and 5% annual appreciation accumulates to $262,191 by year five. Five-year ROI measures 71.9% and total cumulative return in cash reaches $224,472. For financing, Ziffy Mortgage’s DSCR program evaluates $4,199/mo property income against a $4,645/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97130, Manzanita, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,464 (100%) |
| Owner Occupied HU | 320 (21.9%) |
| Renter Occupied HU | 81 ( 5.5%) |
| Vacant Housing Units | 1,063 (72.6%) |
| Median Home Value | $777,778 |
| Average Home Value | $788,469 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
118
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