654 NW Nye StNewportOR97365
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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 654 NW Nye St, Newport, OR, 97365 priced at $336,000 converts $2,680/mo rent into $594/mo cash flow after a $1,645/mo obligation. Total monthly income equals $2,680/mo, and annual cash flow totals $7,131/yr on $111,384 invested. Return on cash invested prints 26.31% in year one, and rental yield reads 9.57% against a $336,000 entry. Equity gained on principal adds $2,168/yr, while 5% annual appreciation compiles into $92,831 by year five. Five-year ROI reaches 137.22% and total cumulative return in cash sums $152,842. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,680/mo property income covering a $1,645/mo payment, not borrower’s personal income.
Single Family
Built in 1937
9,583 sqft 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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Listed by: Victoria M Strauss • Martek Real Estate
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-1644
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.