35565 Sea Forest Way, Nehalem, OR, 97131 | 6.78% Rental Yield

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35565 Sea Forest Way, Nehalem, OR, 97131 | 6.78% Rental Yield | Ziffy

For Sale

Rental Income

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 Nehalem at 35565 Sea Forest Way, Nehalem, OR, 97131 offers a 6.78% rental yield on a $499,000 purchase with $2,819/mo rent. 51% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 95.16% and total cumulative return in cash at $157,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,819/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1994

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover your perfect Oregon Coast getaway at this charming 3-bedroom, 2-bath chalet nestled among the trees in beautiful Nehalemjust minutes from Manzanita Beach. Offering a transferable short-term rental (STR) permit and sold fully furnished, this property is an income-producing coastal retreat and a cozy second home. Step inside and youll be welcomed by oak hardwood floors, vaulted ceilings, and stunning floor-to-ceiling windows that fill the space with natural light. The open-concept kitchen, dining area, and living room provide an effortless flow for entertaining, while the cozy wood stove adds warmth and coastal charm. Surrounded by old-growth cedar trees, the expansive wrap-around deck is perfect for relaxing, dining outdoors, or taking in the serene forest setting. Located just blocks from downtown Manzanita, this home offers unbeatable proximity to shops, restaurants, parks, trails, and beach accessgiving you the best of the Pacific Northwest lifestyle. Shown my appointment only, please do not disturb guests.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97131, Nehalem, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,146 (100%)
Owner Occupied HU	1,103 (51.4%)
Renter Occupied HU	310 (14.4%)
Vacant Housing Units	733 (34.2%)
Median Home Value	$499,819
Average Home Value	$567,493