58 Washington AveManzanitaOR97130
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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 58 Washington Ave, Manzanita, OR, 97130 generates $3,758/mo in rent, after a $4,278/mo payment. Total monthly income is $3,758/mo. Return on cash invested sits at 13.73% in year one, and rental yield is 5.16% on a $874,000 entry. Equity gained on principal adds $5,640/yr, while 5% annual appreciation builds toward $241,470 over five years. Five-year ROI reaches 69.46% and total cumulative return in cash sums $199,737. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,758/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5,227 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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