LOT 3 Heron View DrNeskowinOR97149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Neskowin at LOT 3 Heron View Dr, Neskowin, OR, 97149 uses $56,355 cash to close to unlock $8,190/yr annual cash flow and $682/mo monthly cash flow. Total monthly income runs $1,811/mo, and a $832/mo payment keeps the spread at $682/mo. Purchase price stands at $170,000, and rental yield measures 12.78% with $1,811/mo rent. Return on cash invested shows 34.44% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 181.39% and total cumulative return in cash records $102,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,811/mo property income covering a $832/mo payment rather than investor’s personal income.
Lot
Built in N/A
2.35 Acres lot
$N/A/sqft
$1,229 yearly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97149, Neskowin, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 866 (100%) |
| Owner Occupied HU | 246 (28.4%) |
| Renter Occupied HU | 56 ( 6.5%) |
| Vacant Housing Units | 564 (65.1%) |
| Median Home Value | $661,111 |
| Average Home Value | $733,354 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
376
Multi-Family
0
Businesses
25
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Nearby investment properties with comparable prices
Listed by: Seth Belsey • Harcourts Home Oregon Coast
Mls Name: OCMLS
Mls Provider:
Mls ID: #24-1335
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the Oregon Coast Multiple Listing Service (OCMLS). Listing content is copyrighted. Listing data provided is AS IS. All information provided is deemed reliable but is not guaranteed and should be independently verified. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Real estate listings held by member brokerage firms, other than Zillow, Inc., of the OCMLS are marked with the OCMLS logo. Detailed information about these properties includes the names of the member listing brokers and brokerage firms. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed. Non-members should contact the listing broker directly for compensation information.