7130 Neptune Ave, Gleneden Beach, OR, 97388 | $1,245/mo Cash Flow

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7130 Neptune Ave, Gleneden Beach, OR, 97388 | $1,245/mo Cash Flow | 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

Rental property for sale in Gleneden Beach at 7130 Neptune Ave, Gleneden Beach, OR, 97388 generates $4,861/mo in rent and, after a $2,932/mo payment, leaves $1,245/mo in cash flow. Total monthly income is $4,861/mo, and annual cash flow is $14,942/yr on $197,071 invested. Return on cash invested sits at 27.64% in year one, and rental yield is 9.74% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 144.09% and total cumulative return in cash sums $283,954. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,861/mo property income rather than buyer’s personal income.

Single Family

Built in 1948

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to your coastal sanctuary just across the street from the Pacific Ocean allowing you to see and hear the crashing waves! This charming 3 bedroom 3 bath home blends classic Oregon Coast character with generous living space, making it perfect as a full-time residence or vacation getaway. Step inside to find a light-filled, open-concept layout with vaulted ceilings, oversized windows, and cozy gathering areas. The kitchen offers ample cabinetry and room for entertaining, flowing seamlessly into the living and dining areas. With the addition of the attached cottage, there's plenty of space for guests or multi-generational living, an office or possible art studio. Please note the Sellers just replaced the roof. There is ample off street parking and could be used for boat/rv parking. Don't miss your chance to make this coastal retreat your own! Call to make an appointment today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 97388, Gleneden Beach, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	817 (100%)
Owner Occupied HU	282 (34.5%)
Renter Occupied HU	62 ( 7.6%)
Vacant Housing Units	473 (57.9%)
Median Home Value	$521,084
Average Home Value	$550,603