929 NW Spring St, Newport, OR, 97365 | 7.13% Rental Yield

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929 NW Spring St, Newport, OR, 97365 | 7.13% Rental Yield | 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 Newport at 929 NW Spring St, Newport, OR, 97365 earns from $3,180/mo rent with a $2,619/mo payment. Total monthly income totals $3,180/mo. ROI tracks 19.72% on current figures, and rental yield reads 7.13% at a $535,000 purchase. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,811 over five years. Five-year ROI reaches 101.61% and total cumulative return in cash sums $178,852. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,180/mo property income instead of your personal income.

Single Family

Built in 2005

1,742 sqft lot

$N/A/sqft

No HOA

More details about the property

Dreamy location in historic Nye Beach! Let the sound of the ocean waves serenade you to sleep every night and having local eateries, cafes, farmers markets and parks within mere blocks. Miles and miles of beach await you, with its vibrant marine life and rich history, and don't forget about the iconic Yaquina Head Lighthouse, Oregon Coast Aquarium and charming Newport bayfront. After all of your adventuring, rest easy in this turnkey home, with a new roof, newer exterior and interior paint, new quartz counters in kitchen & high end vinyl plank flooring. House is plumbed for gas if you'd like gas appliances.

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