143 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 143 Salishan Dr, Gleneden Beach, OR, 97388 generates $3,992/mo in rent, after a $5,696/mo payment. Total monthly income is $3,992/mo. Return on cash invested sits at 10.72% in year one, and rental yield is 4.12% on a $1,163,750 entry. Equity gained on principal adds $7,509/yr, while 5% annual appreciation builds toward $321,523 over five years. Five-year ROI reaches 53.26% and total cumulative return in cash sums $200,814. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,992/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.35 Acres lot
$N/A/sqft
No 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: Hannah Katz • Coldwell Banker Professional Group - Lincoln City
Mls Name: OCMLS
Mls ID: #26-179