720 SW 6th StNewportOR97365
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newport at 720 SW 6th St, Newport, OR, 97365 uses $154,148 cash to close to unlock $1,333/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $2,918/mo, and a $2,276/mo payment keeps the spread at $111/mo. Purchase price stands at $465,000, and rental yield measures 7.53% with $2,918/mo rent. Return on cash invested shows 20.77% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 107.3% and total cumulative return in cash records $165,395. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,918/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Condo
Built in 2005
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97365, Newport, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,410 (100%) |
| Owner Occupied HU | 3,108 (48.5%) |
| Renter Occupied HU | 2,142 (33.4%) |
| Vacant Housing Units | 1,160 (18.1%) |
| Median Home Value | $484,402 |
| Average Home Value | $591,988 |
Housing Distribution
Address Breakdown
Residential
4,965
Single Family
4,293
Multi-Family
672
Businesses
988
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices