624 S Dolphin StRockaway BeachOR97136
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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 Rockaway Beach at 624 S Dolphin St, Rockaway Beach, OR, 97136 priced at $319,000 converts $2,022/mo rent into $97/mo cash flow after a $1,561/mo obligation. Total monthly income equals $2,022/mo, and annual cash flow totals $1,162/yr on $105,749 invested. Return on cash invested prints 21.01% in year one, and rental yield reads 7.61% against a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation compiles into $88,134 by year five. Five-year ROI reaches 108.53% and total cumulative return in cash sums $114,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,022/mo property income covering a $1,561/mo payment, not borrower’s personal income.
Manufactured
Built in 1980
4,356 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
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Listed by: Dannielle Distefano • Phoenix Group Real Estate
Mls Name: RMLS (OR)
Mls ID: #608891935