67624 Spinreel Rd SPACE 34BNorth BendOR97459
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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
Investment property for sale in North Bend at 67624 Spinreel Rd SPACE 34B, North Bend, OR, 97459 listed at $110,000 pairs $874/mo rent with a $538/mo payment to leave $210/mo cash flow. Total monthly income runs $874/mo, and annual cash flow reaches $2,525/yr on $36,465 cash to close. Return on cash invested measures 26.83% in year one, and rental yield registers 9.53% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 139.86% and total cumulative return in cash totals $51,000. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $874/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97459, North Bend, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,024 (100%) |
| Owner Occupied HU | 4,148 (59.1%) |
| Renter Occupied HU | 2,113 (30.1%) |
| Vacant Housing Units | 763 (10.9%) |
| Median Home Value | $383,808 |
| Average Home Value | $449,228 |
Housing Distribution
Address Breakdown
Residential
6,254
Single Family
5,877
Multi-Family
377
Businesses
585
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Listed by: Jessica Bacon • Keller Williams Southern Oregon Coastal Real Estate Group
Mls Name: RMLS (OR)
Mls ID: #709099291