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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% |
Investment property for sale in Myrtle Point at 644 4th St, Myrtle Point, OR, 97458 with 5% annual appreciation on a $295,000 basis while $2,520/mo rent supports operations. Total monthly income totals $2,520/mo and a $1,444/mo payment preserves $739/mo for cash returns. Annual cash flow comes to $8,871/yr on $97,793 deployed, and return on cash invested reaches 28.98% in year one. Equity gained on principal adds $1,904/yr, and five-year appreciation sums $81,503 alongside rental yield of 10.25%. Five-year ROI measures 151.31% and total cumulative return in cash totals $147,974.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,520/mo property income versus a $1,444/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1909
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,134 (100%) |
| Owner Occupied HU | 1,407 (65.9%) |
| Renter Occupied HU | 518 (24.3%) |
| Vacant Housing Units | 209 ( 9.8%) |
| Median Home Value | $296,076 |
| Average Home Value | $389,703 |
Residential
1,886
Single Family
1,881
Multi-Family
5
Businesses
157
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $295,000 |
| 2017-08-18 | Sold | $165,000 |
| 2017-07-06 | Pending sale | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-11 | $2579.24 | 1.61% | $390,290 | 9.46% |
| 2022-04-11 | $2538.40 | 2.63% | $356,550 | 29.74% |
| 2021-04-11 | $2473.33 | 2.86% | $274,810 | 25.32% |
Listed by: Jenny Forbes • Pacific Properties
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #427868965
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-04-11 11:53:52 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
