606 N Wayside Loop, Otis, OR, 97368 | $356/mo Cash Flow

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606 N Wayside Loop, Otis, OR, 97368 | $356/mo Cash Flow | 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 Otis at 606 N Wayside Loop, Otis, OR, 97368 uses $102,434 cash to close to unlock $4,275/yr annual cash flow and $356/mo monthly cash flow. Total monthly income runs $2,221/mo, and a $1,512/mo payment keeps the spread at $356/mo. Purchase price stands at $309,000, and rental yield measures 8.63% with $2,221/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 125.05% and total cumulative return in cash records $128,093. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,221/mo property income covering a $1,512/mo payment rather than investor’s personal income.

Manufactured

Built in 1993

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked away on a peaceful 0.28-acre lot in Otis, this charming 2-bedroom, 2-bathroom home blends comfort, style, and natural beauty. A new roof and siding were added in 2024, offering peace of mind and great curb appeal. Inside, enjoy a functional layout with new shower inserts, built-ins, and a versatile bonus room perfect as an office, den, or flex space. The front entry features a convenient ramp for easy access, while the private, fenced backyard includes two storage sheds and a deck overlooking the tranquil waters of Panther Creek. Experience country living just moments from the coast. Don't miss this move-in ready gem schedule your private tour today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97368, Otis, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,862 (100%)
Owner Occupied HU	1,216 (65.3%)
Renter Occupied HU	286 (15.4%)
Vacant Housing Units	360 (19.3%)
Median Home Value	$381,203
Average Home Value	$406,891