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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 Lincoln City at 681 SE Neptune Ave, Lincoln City, OR, 97367 offers a 9.34% rental yield on a $229,000 purchase with $1,783/mo rent. Total monthly income registers $1,783/mo, and a $1,121/mo payment leaves $401/mo available for distribution. Annual cash flow reaches $4,807/yr on $75,914 to close, and return on cash invested stands at 26.24% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 136.61% and total cumulative return in cash at $103,709. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,783/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
| 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 |
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: DAVID D. DAVIS • Exp Realty, Llc
Mls Name: WVMLS
Mls ID: #829958
