891 Division Ave NEBandonOR97411
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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
Investment Highlights
Rental property for sale in Bandon at 891 Division Ave NE, Bandon, OR, 97411 priced at $509,000 converts $2,400/mo rent into after a $2,491/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 15.24% in year one, and rental yield reads 5.66% against a $509,000 entry. Equity gained on principal adds $3,285/yr, while 5% annual appreciation compiles into $140,627 by year five. Five-year ROI reaches 77.59% and total cumulative return in cash sums $129,925. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,491/mo payment, not borrower’s personal income.
Single Family
Built in 2023
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97411, Bandon, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,529 (100%) |
| Owner Occupied HU | 2,639 (58.3%) |
| Renter Occupied HU | 1,099 (24.3%) |
| Vacant Housing Units | 791 (17.5%) |
| Median Home Value | $509,572 |
| Average Home Value | $507,381 |
Housing Distribution
Address Breakdown
Residential
3,603
Single Family
3,473
Multi-Family
130
Businesses
376
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