4340 State Highway 38, Drain, OR, 97435 | 2.24% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4340 State Highway 38, Drain, OR, 97435 | 2.24% 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 Drain at 4340 State Highway 38, Drain, OR, 97435 earns from $2,699/mo rent with a $7,077/mo payment. Total monthly income totals $2,699/mo. ROI tracks 4.93% on current figures, and rental yield reads 2.24% at a $1,446,000 purchase. Equity gained on principal adds $9,331/yr, and 5% annual appreciation supports $399,503 over five years. Five-year ROI reaches 22.2% and total cumulative return in cash sums $104,029. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,699/mo property income instead of your personal income.

Single Family

Built in 1948

5 Acres lot

$N/A/sqft

No HOA

More details about the property

26+/- acre estate with a 2300 sq ft, 3-bedroom, 2-bathroom home offering panoramic views and abundant wildlife including elk, deer, and bear. Features 0.50 miles of Elk Creek frontage with excellent trout and steelhead fishing, a leveled hay field, and robust infrastructure. Includes a gated, half-mile private drive, well, septic system, an approx 60x20 ft two-story equipment barn, a approx 40x60 ft two-story horse barn with eight stalls and a tack room, a recreational space, and a guest room with private bath. Landscape boasts mature cedar trees. Conveniently located near Highway 38, 40 minutes from coastal towns, and in the North Douglas High School District.

Neighborhood Data

Neighborhood data shown for ZIP Code: 97435, Drain, OR area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,081 (100%)
Owner Occupied HU	729 (67.4%)
Renter Occupied HU	234 (21.6%)
Vacant Housing Units	118 (10.9%)
Median Home Value	$534,434
Average Home Value	$571,409