92308 Ward Creek Ln, Myrtle Point, OR, 97458 | 3.05% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

92308 Ward Creek Ln, Myrtle Point, OR, 97458 | 3.05% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1850 sft

250 19th St, Port Orford, OR, 97465

3 Bed
2 Bath
1550 sft

30 Geer Cir, Port Orford, OR, 97465

3 Bed
2 Bath
2000 sft

654 Madrona Ave, Port Orford, OR, 97465

4 Bed
2 Bath
1720 sft

18 Geer Cir, Port Orford, OR, 97465

Nearby investment properties with comparable prices

3 Bed
2 Bath
1296 sft

87478 Mastel Ln, Bandon, OR, 97411

3 Bed
1 Bath
976 sft

636 18th St, Port Orford, OR, 97465

3 Bed
2 Bath
1500 sft

737 Pinehurst Dr, Port Orford, OR, 97465

1 Bed
1 Bath
728 sft

2433 Arizona St, Port Orford, OR, 97465

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $954/mo, and a $1,835/mo payment. Purchase price stands at $375,000, and rental yield measures 3.05% with $954/mo rent. Return on cash invested shows 7.27% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 34.87% and total cumulative return in cash records $43,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $954/mo property income covering a $1,835/mo payment rather than investor’s personal income.

Single Family

Built in 1966

19.38 Acres lot

$N/A/sqft

No HOA

More details about the property

This property is a fantastic rural real estate investment, offering a unique blend of privacy, recreation, and a sustainable income stream. Tucked away on a sprawling lot with merchantable timber, this home provides a secluded escape without sacrificing convenience. You'll be just minutes from local shops and services, and a scenic 46-minute drive will take you to the famous beachfront town of Bandon. The home itself, built in 1966, rests on a solid concrete foundation, offering a simple and functional living space. The interior includes three bedrooms, one bathroom, and a separate laundry room. For heating, you'll find electric baseboard units, while the floors are a mix of laminate and carpet. The exterior is designed for durability and low maintenance, featuring a metal roof and T1-11 siding. A convenient attached carport provides covered parking, and there is additional space for RV parking. Enjoy the peaceful solitude and excellent recreational opportunities this property has to offer, all while benefiting from its valuable timber resources. Call today to schedule your tour. No drive-bys please.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97458, Myrtle Point, OR area.

Housing Distribution

Housing Statistics

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