197 Joe Creek RdMerlinOR97532
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 Merlin at 197 Joe Creek Rd, Merlin, OR, 97532 at $524,300 posts ROI 17.29% with from $2,766/mo rent. Total monthly income equals $2,766/mo. Return on cash invested measures 17.29% and rental yield reads 6.33% at the current $524,300. Equity gained on principal adds $3,383/yr, and 5% annual appreciation supports $144,854 by year five. Five-year ROI prints 88.56% and total cumulative return in cash totals $152,765. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,766/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1995
1.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97532, Merlin, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,083 (100%) |
| Owner Occupied HU | 864 (79.8%) |
| Renter Occupied HU | 134 (12.4%) |
| Vacant Housing Units | 85 ( 7.8%) |
| Median Home Value | $466,667 |
| Average Home Value | $510,032 |
Housing Distribution
Address Breakdown
Residential
983
Single Family
982
Multi-Family
1
Businesses
152
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices