801 NE Coast St #2, Newport, OR, 97365 | 4.53% Rental Yield

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801 NE Coast St #2, Newport, OR, 97365 | 4.53% Rental Yield | 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

Investment property for sale in Newport at 801 NE Coast St #2, Newport, OR, 97365 listed at $409,900 pairs $1,548/mo rent with a $2,006/mo payment. Total monthly income runs $1,548/mo. Return on cash invested measures 11.73% in year one, and rental yield registers 4.53% at a $409,900 basis. Equity gained on principal adds $2,645/yr, and annual property appreciation at 5% supports $113,248 by year five. Five-year ROI tracks 58.81% and total cumulative return in cash totals $79,912. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,548/mo property income relative to a $2,006/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1972

N/A lot

$N/A/sqft

No HOA

More details about the property

Such a rare oceanfront condo listing on the highly coveted historic Nye Beach district with lighthouse & oceanfront view. Forget 100+ unit complexes and instead settle into this quiet 6 unit oceanfront complex with a full panoramic ocean view and just steps to Nye Beach eateries, art, and shopping. New luxury vinyl floor coverings and paint. No unit has come up in this complex since 2021 and it may be years before another opportunity for these gems. Full ownership & no corporate exec will decide how many days you can stay at your own beloved beachside retreat. See Instructions.

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