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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 Myrtle Point at 56394 Miller Rd, Myrtle Point, OR, 97458 offers a 2.29% rental yield on a $499,000 purchase with $954/mo rent. 98% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 22.61% and total cumulative return in cash at $37,398. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $954/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
11.70 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.
| 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 |
Residential
1,886
Single Family
1,881
Multi-Family
5
Businesses
157
Date | Event | Price |
|---|---|---|
| 2025-03-02 | Listed for sale | $499,000 |
| 2021-08-24 | Sold | $328,000 |
| 2021-06-07 | Pending sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-04 | $1886.20 | 1.09% | $324,890 | 33.00% |
| 2022-03-04 | $1865.85 | 2.31% | $244,280 | N/A |
| 2021-03-04 | $1823.73 | 2.67% | $244,280 | 15.00% |
Listed by: Ricky Ostle • Johnson Group Real Estate, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #598375145
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 2025 RMLS, Portland, Oregon. This content last updated on 2025-03-04 02:04:17 PST. 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.
