8655 SW Abalone St, South Beach, OR, 97366 | $43/mo Cash Flow

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8655 SW Abalone St, South Beach, OR, 97366 | $43/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

Investment property for sale in South Beach at 8655 SW Abalone St, South Beach, OR, 97366 earns $43/mo cash flow from $1,945/mo rent with a $1,542/mo payment. Total monthly income totals $1,945/mo, and annual cash flow totals $520/yr on $104,423 capital. ROI tracks 20.41% on current figures, and rental yield reads 7.41% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 105.34% and total cumulative return in cash sums $109,997. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,945/mo property income instead of your personal income.

Manufactured

Built in 1964

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Drift off to the sound of the ocean in this thoughtfully renovated home, located just a few miles south of Newport in the sought-after Pacific Shores neighborhood. Situated west of Highway 101 and near deeded beach access, this property offers a rare combination of privacy, convenience, and true coastal living. Every detail of the home has been updated with care and quality. The property features a brand new water heater, an updated breaker box with new electrical, and a completely new PEX plumbing system. Beautiful '' x 5'' tongue-and-groove hardwood floors run throughout. The kitchen includes a state-of-the-art refrigerator and stove, and the bathroom has been fully renovated. The tranquil, park-like setting includes a dedicated art studio perfect for creative work or storage. Just steps from the beach, it's ideal for morning coffee, sunset gatherings, or simply soaking in the ocean air. Outdoor enthusiasts will enjoy easy access to surfcasting, jogging along the shore, biking on the sand, and more all just moments away. Plus, you're only an hour from the dunes in Florence for off-road adventures, and close to Yaquina Bay, restaurants, shops, and schools. Whether you're seeking a full-time residence or a coastal getaway, this home is a rare find along the Oregon Coast.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97366, South Beach, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,153 (100%)
Owner Occupied HU	651 (56.5%)
Renter Occupied HU	222 (19.3%)
Vacant Housing Units	280 (24.3%)
Median Home Value	$556,564
Average Home Value	$601,644