5801 NE Voyage AveLincoln CityOR97367
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lincoln City at 5801 NE Voyage Ave, Lincoln City, OR, 97367 uses $99,400 cash to close to unlock $3,440/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $2,527/mo, and a $1,468/mo payment keeps the spread at $287/mo. Purchase price stands at $299,850, and rental yield measures 10.11% with $2,527/mo rent. Return on cash invested shows 23.37% in year one, and 5% annual appreciation builds toward $82,843 over five years. Five-year ROI reaches 123.09% and total cumulative return in cash records $122,353. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,527/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Condo
Built in 1981
871.20 sqft lot
$N/A/sqft
$430 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,927 (100%) |
| Owner Occupied HU | 3,288 (36.8%) |
| Renter Occupied HU | 2,327 (26.1%) |
| Vacant Housing Units | 3,312 (37.1%) |
| Median Home Value | $450,256 |
| Average Home Value | $488,708 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
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Listed by: MARCIA NOLTING • Re/Max Advantage Group
Mls Name: WVMLS
Mls Provider:
Mls ID: #832652
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.