62974 Shinglehouse RdCoos BayOR97420
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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
Investment property for sale in Coos Bay at 62974 Shinglehouse Rd, Coos Bay, OR, 97420 listed at $198,000 pairs $1,470/mo rent with a $969/mo payment to leave $275/mo cash flow. Total monthly income runs $1,470/mo, and annual cash flow reaches $3,299/yr on $65,637 cash to close. Return on cash invested measures 24.94% in year one, and rental yield registers 8.91% at a $198,000 basis. Equity gained on principal adds $1,278/yr, and annual property appreciation at 5% supports $54,704 by year five. Five-year ROI tracks 129.59% and total cumulative return in cash totals $85,060. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,470/mo property income relative to a $969/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1978
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97420, Coos Bay, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,944 (100%) |
| Owner Occupied HU | 7,600 (58.7%) |
| Renter Occupied HU | 4,062 (31.4%) |
| Vacant Housing Units | 1,282 ( 9.9%) |
| Median Home Value | $354,474 |
| Average Home Value | $391,284 |
Housing Distribution
Address Breakdown
Residential
11,524
Single Family
11,117
Multi-Family
407
Businesses
1,061
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