604 Thorton Oar Ln, Reedsport, OR, 97467 | 1.98% Rental Yield

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604 Thorton Oar Ln, Reedsport, OR, 97467 | 1.98% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Reedsport at 604 Thorton Oar Ln, Reedsport, OR, 97467 earns from $1,320/mo rent with a $3,916/mo payment. Total monthly income totals $1,320/mo. ROI tracks 4.06% on current figures, and rental yield reads 1.98% at a $799,990 purchase. Equity gained on principal adds $5,162/yr, and 5% annual appreciation supports $221,022 over five years. Five-year ROI reaches 17.62% and total cumulative return in cash sums $46,372. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,320/mo property income instead of your personal income.

Single Family

Built in 1967

3.76 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your private coastal retreat at 604 Thorton Oar Lane, nestled in the scenic surroundings of Reedsport, Oregon. This expansive 3000+ sq ft home (approximate) sits on 3.76 acres of recently harvested forest and tranquil meadows, offering a perfect blend of seclusion and accessibility. Four bedrooms and three full bathrooms provide ample space for family, guests, or a home-office/creative studio space. The generous floor plan, with over 3,000 sq ft, allows for multiple living areasideal for entertaining, quiet retreats, or hobby zones. Set just minutes from the charming town of Reedsport, this home places you within easy reach of Oregons scenic coast while still immersed in nature. Whether youre looking to unwind on the beach or dunes, to exploring the local rivers for fishing to crabbing at nearby Winchester Bay you are centrally located. For the avid sportsman, you will see plenty of wildlife from black tail deer to Roosevelt elk and other wildlife, this property offers it all. With its expansive acreage and versatile living space, this home is ideal for those seeking room to roam, create, and breathe. Imagine morning coffee on the deck listening to rustling leaves, afternoon strolls through your own wooded grounds, and evening dinners in a cozy living room warmed by a fire or large windows letting the sunset in. The large footprint and property size allow for flexibility: grow your own garden, park an RV, build a workshop, or simply enjoy the wide-open space. Schedule your showing with your real estate agent today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97467, Reedsport, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,121 (100%)
Owner Occupied HU	1,829 (58.6%)
Renter Occupied HU	820 (26.3%)
Vacant Housing Units	472 (15.1%)
Median Home Value	$337,892
Average Home Value	$347,285