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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Gleneden Beach at 281 Salishan Dr, Gleneden Beach, OR, 97388 at $1,065,000 posts ROI 8.56% with from $3,212/mo rent. Total monthly income equals $3,212/mo. Return on cash invested measures 8.56% and rental yield reads 3.62% at the current $1,065,000. Equity gained on principal adds $6,872/yr, and 5% annual appreciation supports $294,240 by year five. Five-year ROI prints 41.92% and total cumulative return in cash totals $144,635. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,212/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
0.32 Acres lot
$N/A/sqft
$179 monthly HOA
Neighborhood data shown for ZIP Code: 97388, Gleneden Beach, OR area.
| 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 |
Residential
0
Single Family
0
Multi-Family
0
Businesses
46
Date | Event | Price |
|---|---|---|
| 2025-04-24 | Listed for sale | $1,065,000 |
| 2021-03-26 | Sold | $652,000 |
| 2021-02-19 | Pending sale | $595,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-27 | $8136.30 | 3.20% | $656,020 | 3.00% |
| 2022-04-27 | $7884.10 | 1.80% | $636,920 | 3.00% |
| 2021-04-27 | $7744.61 | 30.54% | $618,370 | 27.79% |
Listed by: Julie Renee Love • Cascade Hasson Sotheby's International Realty
Mls Name: OCMLS
Mls Provider:
Mls ID: #25-858
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.
