923 SE Bay Blvd UNIT 23NewportOR97365
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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
Total monthly income runs $995/mo, and a $612/mo payment. Purchase price stands at $125,000, and rental yield measures 9.55% with $995/mo rent. Return on cash invested shows 9.49% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 53.18% and total cumulative return in cash records $22,037. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $995/mo property income covering a $612/mo payment rather than investor’s personal income.
Manufactured
Built in 1966
N/A lot
$N/A/sqft
$600 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,965
Single Family
4,293
Multi-Family
672
Businesses
988
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