801 NW Coast St APT 2, Newport, OR, 97365 | $119/mo Cash Flow

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801 NW Coast St APT 2, Newport, OR, 97365 | $119/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 Newport at 801 NW Coast St APT 2, Newport, OR, 97365 generates $2,593/mo in rent and, after a $2,006/mo payment, leaves $119/mo in cash flow. Total monthly income is $2,593/mo, and annual cash flow is $1,428/yr on $135,882 invested. Return on cash invested sits at 20.96% in year one, and rental yield is 7.59% on a $409,900 entry. Equity gained on principal adds $2,645/yr, while 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 108.32% and total cumulative return in cash sums $147,184. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,593/mo property income rather than buyer’s personal income.

Condo

Built in 1972

435.60 sqft lot

$N/A/sqft

No HOA

More details about the property

Rare oceanfront condo listing on the highly coveted historic Nye Beach district with lighthouse & panoramic oceanfront view. Forget 100+ unit complexes. Settle into this quiet 6 unit. Steps to Nye Beach eateries, art, & shopping. New luxury vinyl floor coverings & paint. No unit has come up in this complex since 2021 & it may be years before another! 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