655 6th St, Myrtle Point, OR, 97458 | 4.79% Rental Yield

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655 6th St, Myrtle Point, OR, 97458 | 4.79% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Myrtle Point at 655 6th St, Myrtle Point, OR, 97458 listed at $239,000 pairs $954/mo rent with a $1,170/mo payment. Total monthly income runs $954/mo. Return on cash invested measures 12.5% in year one, and rental yield registers 4.79% at a $239,000 basis. Equity gained on principal adds $1,542/yr, and annual property appreciation at 5% supports $66,031 by year five. Five-year ROI tracks 62.99% and total cumulative return in cash totals $49,908. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $954/mo property income relative to a $1,170/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1925

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 2-Bedroom Home with Great Potential in a Convenient Location! This inviting 2-bedroom, 1-bath home is full of potential and ready for your personal touch. Recently updated with a new roof and interior updates, this is an opportunity for first-time buyers, investors, or anyone looking to add their own style and improvements. The extra large corner lot has a fenced yard that is perfect for gardening, pets, or simply enjoying the outdoors, while the detached 2-car garage offers plenty of room for parking, storage, or hobbies. Upstairs in the home, youll find a bonus room with its own private entrance and wash basinideal for a home office, studio, guest space, storage, or whatever suits your needs. All kitchen appliance and washer/dryer are included. Located in a convenient area in town, this home combines comfort, flexibility, and opportunity. Bring your vision and make it your own! Call us today for your private tour.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.

Housing Distribution

Housing Statistics

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