21841 SE Grand Island Loop, Dayton, OR, 97114 | 4.32% Rental Yield

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21841 SE Grand Island Loop, Dayton, OR, 97114 | 4.32% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Dayton at 21841 SE Grand Island Loop, Dayton, OR, 97114 offers a 4.32% rental yield on a $599,000 purchase with $2,154/mo rent. 16% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 55.7% and total cumulative return in cash at $109,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,154/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1949

1.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Theres nothing like island life...especially on Grand Island. Tucked between the Willamette River and Lambert Slough, this peaceful farm community is home to cherry orchards, cornfields, pumpkin patches, and peaceful living. This usable 1.39-acre property fits right in. The home itself is charming and welcoming, with original hardwood floors, coved ceilings, and built-ins in both bedrooms. Recent updates include a new heat pump (2022), Milgard wood-frame slider and windows (2023), 50-year roof, new PEX plumbing (2023). The kitchen features a brand-new dishwasher (2025), and the dual-well system (one for the home, one for irrigation) adds year-round function. Outside, the yard has great curb appeal with refreshed landscaping and room to stretch out. A new carport with motion lighting and a large shop with lean-to are ideal for animals, projects, or storage.The pasture could be set up for horses, goats, or your next idea. Whether you're dreaming of a simpler lifestyle or space to grow something meaningful, this property offers that rare balance: move-in ready, lovingly updated, and full of future potential, all in one of the most special corners of Yamhill County.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97114, Dayton, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,878 (100%)
Owner Occupied HU	1,386 (73.8%)
Renter Occupied HU	410 (21.8%)
Vacant Housing Units	82 ( 4.4%)
Median Home Value	$482,099
Average Home Value	$549,107