38085 Island DrNehalemOR97131
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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
Investment property for sale in Nehalem at 38085 Island Dr, Nehalem, OR, 97131 earns $58/mo cash flow from $3,311/mo rent with a $2,638/mo payment. Total monthly income totals $3,311/mo, and annual cash flow totals $692/yr on $177,323 capital. ROI tracks 20.45% on current figures, and rental yield reads 7.37% at a $538,975 purchase. Equity gained on principal adds $3,478/yr, and 5% annual appreciation supports $148,909 over five years. Five-year ROI reaches 105.51% and total cumulative return in cash sums $187,096. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,311/mo property income instead of your personal income.
Single Family
Built in 1992
7,840 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,098
Single Family
1,092
Multi-Family
6
Businesses
74
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Listed by: Ted Tanner • Keller Williams Sunset Corridor
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #469235695
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-05-02 12:01:44 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.