5738 NE Evergreen Ln #14NewportOR97365
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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
Investment property for sale in Newport at 5738 NE Evergreen Ln #14, Newport, OR, 97365 uses $96,102 cash to close to unlock $7,800/yr annual cash flow and $650/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,419/mo payment keeps the spread at $650/mo. Purchase price stands at $289,900, and rental yield measures 9.93% with $2,400/mo rent. Return on cash invested shows 28.03% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 146.22% and total cumulative return in cash records $140,517. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Manufactured
Built in 1990
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,965
Single Family
4,293
Multi-Family
672
Businesses
988
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