6070 NE Evergreen Ln, Newport, OR, 97365 | $299/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6070 NE Evergreen Ln, Newport, OR, 97365 | $299/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 Newport at 6070 NE Evergreen Ln, Newport, OR, 97365 earns $299/mo cash flow from $2,037/mo rent with a $1,409/mo payment. Total monthly income totals $2,037/mo, and annual cash flow totals $3,592/yr on $95,439 capital. ROI tracks 23.67% on current figures, and rental yield reads 8.49% at a $287,900 purchase. Equity gained on principal adds $1,858/yr, and 5% annual appreciation supports $79,541 over five years. Five-year ROI reaches 122.85% and total cumulative return in cash sums $117,245. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,037/mo property income instead of your personal income.

Manufactured

Built in 1992

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover your dream coastal retreat in this stunning 3 bedroom, 2 bath 1,512SF home boasting large elegant yard and garden. Nestled within a premier 55+ gated manufactured home community surrounded by tranquil forests, this top-of-the-line 1992 Goldenwest home offers both luxury and affordability. Key Features: Forest Views: Enjoy breathtaking sounds of the Pacific Ocean from the comfort of your own home. Privacy and Serenity: Surrounded by a lush forest of trees, this home provides the perfect blend of privacy and natural beauty. Affordable Luxury: Experience the elegance of a site built home at a fraction of the cost. With high ceilings, a laundry room, and a full kitchen complete with appliances, comfort meets convenience in this coastal oasis. Community Amenities: Conveniently located near the beach, golf courses, fine dining, fishing spots, and shopping centers, you'll have everything you need to enjoy a vibrant coastal lifestyle. Embrace the coastal lifestyle you've always dreamed of in Newport, Oregon's Longview Hills Manufactured Home Community. Don't miss out on this rare opportunity, call now! Park Approval Required, View, Lot Space Rent is $755/mo.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97365, Newport, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,410 (100%)
Owner Occupied HU	3,108 (48.5%)
Renter Occupied HU	2,142 (33.4%)
Vacant Housing Units	1,160 (18.1%)
Median Home Value	$484,402
Average Home Value	$591,988