6989 SW Surfland StSouth BeachOR97366
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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 South Beach at 6989 SW Surfland St, South Beach, OR, 97366 offers a 4.98% rental yield on a $800,000 purchase with $3,319/mo rent. 17% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $221,025 over five years. Portfolio math shows five-year ROI at 66.49% and total cumulative return in cash at $175,004. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,319/mo property income against a $3,916/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97366, South Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,153 (100%) |
| Owner Occupied HU | 651 (56.5%) |
| Renter Occupied HU | 222 (19.3%) |
| Vacant Housing Units | 280 (24.3%) |
| Median Home Value | $556,564 |
| Average Home Value | $601,644 |
Housing Distribution
Address Breakdown
Residential
893
Single Family
868
Multi-Family
25
Businesses
59
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Listed by: Michael T Burkhard • Martek Real Estate
Mls Name: OCMLS
Mls ID: #25-1413