916 SW 48th St #4Lincoln CityOR97367
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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
Investment property for sale in Lincoln City at 916 SW 48th St #4, Lincoln City, OR, 97367 listed at $474,000 pairs $2,455/mo rent with a $2,320/mo payment. Total monthly income runs $2,455/mo. Return on cash invested measures 16.81% in year one, and rental yield registers 6.22% at a $474,000 basis. Equity gained on principal adds $3,059/yr, and annual property appreciation at 5% supports $130,957 by year five. Five-year ROI tracks 86% and total cumulative return in cash totals $135,137. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,455/mo property income relative to a $2,320/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2023
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97367, Lincoln City, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,927 (100%) |
| Owner Occupied HU | 3,288 (36.8%) |
| Renter Occupied HU | 2,327 (26.1%) |
| Vacant Housing Units | 3,312 (37.1%) |
| Median Home Value | $450,256 |
| Average Home Value | $488,708 |
Housing Distribution
Address Breakdown
Residential
5,484
Single Family
4,835
Multi-Family
649
Businesses
648
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Listed by: Christopher Dragoo • Harcourts Coast Realty
Mls Name: OCMLS
Mls ID: #26-40