602 N Pacific StRockaway BeachOR97136
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
Rental property for sale in Rockaway Beach at 602 N Pacific St, Rockaway Beach, OR, 97136 offers $3,226/mo rent that, after a $3,793/mo payment. Total monthly income is $3,226/mo. Return on cash invested measures 13.23% in year one, and rental yield stands at 5% at a $775,000 entry. Equity gained on principal adds $5,001/yr while 5% annual appreciation compounds into $214,118 by year five. Five-year ROI records 66.79% and total cumulative return in cash reaches $170,299. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,226/mo property income versus a $3,793/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97136, Rockaway Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,767 (100%) |
| Owner Occupied HU | 779 (28.2%) |
| Renter Occupied HU | 258 ( 9.3%) |
| Vacant Housing Units | 1,730 (62.5%) |
| Median Home Value | $430,932 |
| Average Home Value | $465,677 |
Housing Distribution
Address Breakdown
Residential
746
Single Family
744
Multi-Family
2
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Fitzmaurice • Harnish Company Realtors
Mls Name: RMLS (OR)
Mls ID: #151124124