608 NE 55th St #161NewportOR97365
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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
Investment Highlights
Rental property for sale in Newport at 608 NE 55th St #161, Newport, OR, 97365 generates $2,633/mo in rent and, after a $1,708/mo payment, leaves $527/mo in cash flow. Total monthly income is $2,633/mo, and annual cash flow is $6,319/yr on $115,694 invested. Return on cash invested sits at 25.37% in year one, and rental yield is 9.05% on a $349,000 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 131.93% and total cumulative return in cash sums $152,640. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,633/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,965
Single Family
4,293
Multi-Family
672
Businesses
988
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