1645 NE Merman Dr APT C203PullmanWA99163
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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
Rental property for sale in Pullman at 1645 NE Merman Dr APT C203, Pullman, WA, 99163 generates $1,811/mo in rent and, after a $929/mo payment, leaves $219/mo in cash flow. Total monthly income is $1,811/mo, and annual cash flow is $2,628/yr on $62,952 invested. Return on cash invested sits at 24.08% in year one, and rental yield is 11.44% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 128.18% and total cumulative return in cash sums $80,693. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,811/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
$380 monthly 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
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Listed by: Justin Cofer • Beasley Realty
Mls Name: PACMLS
Mls Provider:
Mls ID: #289667
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.