284 Merrick AveUmatillaOR97882
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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
Investment property for sale in Umatilla at 284 Merrick Ave, Umatilla, OR, 97882 with 5% annual appreciation on a $264,900 basis while $2,311/mo rent supports operations. Total monthly income totals $2,311/mo and a $1,297/mo payment preserves $712/mo for cash returns. Annual cash flow comes to $8,539/yr on $87,814 deployed, and return on cash invested reaches 29.63% in year one. Equity gained on principal adds $1,709/yr, and five-year appreciation sums $73,187 alongside rental yield of 10.47%. Five-year ROI measures 154.81% and total cumulative return in cash totals $135,944.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,311/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2025
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97882, Umatilla, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,421 (100%) |
| Owner Occupied HU | 1,472 (60.8%) |
| Renter Occupied HU | 850 (35.1%) |
| Vacant Housing Units | 99 ( 4.1%) |
| Median Home Value | $250,439 |
| Average Home Value | $309,156 |
Housing Distribution
Address Breakdown
Residential
2,400
Single Family
2,399
Multi-Family
1
Businesses
159
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Listed by: Lacey Blackman • eXp Realty, LLC
Mls Name: RMLS (OR)
Mls Provider:
Mls ID: #315141485
Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright 2025 RMLS, Portland, Oregon. This content last updated on 2025-04-11 11:22:33 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.