98045 Olsen Ln APT 6BrookingsOR97415
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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 98045 Olsen Ln APT 6, Brookings, OR, 97415 uses $65,969 cash to close to unlock $3,970/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $1,532/mo, and a $974/mo payment keeps the spread at $331/mo. Purchase price stands at $199,000, and rental yield measures 9.24% with $1,532/mo rent. Return on cash invested shows 25.93% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 134.93% and total cumulative return in cash records $89,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,532/mo property income covering a $974/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
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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