141 Salishan DrGleneden BeachOR97388
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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
Rental property for sale in Gleneden Beach at 141 Salishan Dr, Gleneden Beach, OR, 97388 priced at $1,288,000 converts $3,451/mo rent into after a $6,304/mo obligation. Total monthly income equals $3,451/mo. Return on cash invested prints 7.42% in year one, and rental yield reads 3.22% against a $1,288,000 entry. Equity gained on principal adds $8,311/yr, while 5% annual appreciation compiles into $355,851 by year five. Five-year ROI reaches 35.77% and total cumulative return in cash sums $149,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,451/mo property income covering a $6,304/mo payment, not borrower’s personal income.
Single Family
Built in 1982
0.37 Acres lot
$N/A/sqft
$179 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97388, Gleneden Beach, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 817 (100%) |
| Owner Occupied HU | 282 (34.5%) |
| Renter Occupied HU | 62 ( 7.6%) |
| Vacant Housing Units | 473 (57.9%) |
| Median Home Value | $521,084 |
| Average Home Value | $550,603 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
46
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Listed by: Karla Kuhlenbeck • Windermere West Coast Properties
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-863
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.