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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Myrtle Point at 803 6th St, Myrtle Point, OR, 97458 generates $2,054/mo in rent and, after a $1,366/mo payment, leaves $369/mo in cash flow. Total monthly income is $2,054/mo, and annual cash flow is $4,434/yr on $92,489 invested. Return on cash invested sits at 24.7% in year one, and rental yield is 8.83% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 128.36% and total cumulative return in cash sums $118,723. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,054/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,134 (100%) |
| Owner Occupied HU | 1,407 (65.9%) |
| Renter Occupied HU | 518 (24.3%) |
| Vacant Housing Units | 209 ( 9.8%) |
| Median Home Value | $296,076 |
| Average Home Value | $389,703 |
Residential
1,886
Single Family
1,881
Multi-Family
5
Businesses
157
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $279,000 |
| 2019-09-27 | Sold | $159,369 |
| 2019-07-10 | Pending sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-29 | $1735.81 | 1.61% | $310,310 | 9.35% |
| 2022-04-29 | $1708.37 | 2.63% | $283,770 | 29.56% |
| 2021-04-29 | $1664.67 | 2.85% | $219,020 | 22.00% |
Listed by: Jenny Forbes • Pacific Properties
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #121788552
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-04-29 12:07:10 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
