96465 Coverdell Rd SPACE 8BrookingsOR97415
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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 Brookings at 96465 Coverdell Rd SPACE 8, Brookings, OR, 97415 offers a 8.28% rental yield on a $249,000 purchase with $1,718/mo rent. Total monthly income registers $1,718/mo, and a $1,219/mo payment leaves $215/mo available for distribution. Annual cash flow reaches $2,577/yr on $82,544 to close, and return on cash invested stands at 23.03% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 119.38% and total cumulative return in cash at $98,540. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,718/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97415, Brookings, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,111 (100%) |
| Owner Occupied HU | 4,962 (61.2%) |
| Renter Occupied HU | 2,028 (25.0%) |
| Vacant Housing Units | 1,121 (13.8%) |
| Median Home Value | $451,211 |
| Average Home Value | $513,728 |
Housing Distribution
Address Breakdown
Residential
6,287
Single Family
6,020
Multi-Family
267
Businesses
699
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