588 NE Alder StYachatsOR97498
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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 Yachats at 588 NE Alder St, Yachats, OR, 97498 uses $57,847 cash to close to unlock $8,229/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $1,739/mo, and a $854/mo payment keeps the spread at $686/mo. Purchase price stands at $174,500, and rental yield measures 11.96% with $1,739/mo rent. Return on cash invested shows 34.14% in year one, and 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 178.95% and total cumulative return in cash records $103,518. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,739/mo property income covering a $854/mo payment rather than investor’s personal income.
Manufactured
Built in 1969
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97498, Yachats, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,665 (100%) |
| Owner Occupied HU | 748 (44.9%) |
| Renter Occupied HU | 280 (16.8%) |
| Vacant Housing Units | 637 (38.3%) |
| Median Home Value | $592,208 |
| Average Home Value | $677,096 |
Housing Distribution
Address Breakdown
Residential
407
Single Family
353
Multi-Family
54
Businesses
97
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