675 SE Keel AveLincoln CityOR97367
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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 Lincoln City at 675 SE Keel Ave, Lincoln City, OR, 97367 priced at $545,000 pairs $2,584/mo rent with after a $2,668/mo payment. Total monthly income equals $2,584/mo. Return on cash invested is 15.33% in year one, and rental yield stands at 5.69% on a $545,000 basis. Equity gained on principal adds $3,517/yr, and 5% annual appreciation accumulates to $150,573 by year five. Five-year ROI measures 78.07% and total cumulative return in cash reaches $139,980. For financing, Ziffy Mortgage’s DSCR program evaluates $2,584/mo property income against a $2,668/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1969
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,927 (100%) |
| Owner Occupied HU | 3,288 (36.8%) |
| Renter Occupied HU | 2,327 (26.1%) |
| Vacant Housing Units | 3,312 (37.1%) |
| Median Home Value | $450,256 |
| Average Home Value | $488,708 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
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Listed by: Mark Charlesworth • Keller Williams Realty- Portland Central
Mls Name: OCMLS
Mls ID: #25-1531