1645 NE Merman Dr APT A202PullmanWA99163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pullman at 1645 NE Merman Dr APT A202, Pullman, WA, 99163 offers a 8.74% rental yield on a $187,500 purchase with $1,366/mo rent. Total monthly income registers $1,366/mo, and a $918/mo payment leaves $239/mo available for distribution. Annual cash flow reaches $2,863/yr on $62,156 to close, and return on cash invested stands at 24.52% in year one. Equity gained on principal adds $1,210/yr while 5% annual appreciation supports $51,803 over five years. Portfolio math shows five-year ROI at 127.36% and total cumulative return in cash at $79,159. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,366/mo property income against a $918/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99163, Pullman, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,993 (100%) |
| Owner Occupied HU | 4,536 (30.3%) |
| Renter Occupied HU | 8,806 (58.7%) |
| Vacant Housing Units | 1,651 (11.0%) |
| Median Home Value | $463,249 |
| Average Home Value | $503,804 |
Housing Distribution
Address Breakdown
Residential
14,110
Single Family
9,458
Multi-Family
4,652
Businesses
855
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Krista Gross • Realogics Sotheby's Int'l Rlty
Mls Name: PACMLS
Mls ID: #285048