233 Barker DrMerlinOR97532
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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 Merlin at 233 Barker Dr, Merlin, OR, 97532 generates $3,481/mo in rent, after a $3,064/mo payment. Total monthly income is $3,481/mo. Return on cash invested sits at 18.33% in year one, and rental yield is 6.67% on a $626,000 entry. Equity gained on principal adds $4,039/yr, while 5% annual appreciation builds toward $172,952 over five years. Five-year ROI reaches 94.13% and total cumulative return in cash sums $193,863. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,481/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
1.19 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
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