600 Island Dr #15Gleneden BeachOR97388
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 Gleneden Beach at 600 Island Dr #15, Gleneden Beach, OR, 97388 offers a 7.27% rental yield on a $519,500 purchase with $3,148/mo rent. Total monthly income registers $3,148/mo, and a $2,543/mo payment leaves $12/mo available for distribution. Annual cash flow reaches $143/yr on $170,916 to close, and return on cash invested stands at 20.14% in year one. Equity gained on principal adds $3,352/yr while 5% annual appreciation supports $143,528 over five years. Portfolio math shows five-year ROI at 103.85% and total cumulative return in cash at $177,502. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,148/mo property income against a $2,543/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97388, Gleneden Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 817 (100%) |
| Owner Occupied HU | 282 (34.5%) |
| Renter Occupied HU | 62 ( 7.6%) |
| Vacant Housing Units | 473 (57.9%) |
| Median Home Value | $521,084 |
| Average Home Value | $550,603 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roberta L. Tryon • Taylor & Taylor Realty Company
Mls Name: OCMLS
Mls ID: #26-52