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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newport at 637 SW 9th St, Newport, OR, 97365 generates $3,037/mo in rent, after a $6,485/mo payment. Total monthly income is $3,037/mo. Return on cash invested sits at 6.5% in year one, and rental yield is 2.75% on a $1,325,000 entry. Equity gained on principal adds $8,550/yr, while 5% annual appreciation builds toward $366,073 over five years. Five-year ROI reaches 30.65% and total cumulative return in cash sums $131,596. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,037/mo property income rather than buyer’s personal income.
Multi Family
Built in 1992
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97365, Newport, OR area.
| 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 |
Residential
4,965
Single Family
4,293
Multi-Family
672
Businesses
988
Date | Event | Price |
|---|---|---|
| 2024-08-21 | Listed for sale | $1,325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Dennis M Regen • Taylor & Taylor Realty Company
Mls Name: OCMLS
Mls Provider:
Mls ID: #24-1877
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Non-members should contact the listing broker directly for compensation information.
