341 Thornridge LnMerlinOR97532
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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 341 Thornridge Ln, Merlin, OR, 97532 offers $3,780/mo rent that, after a $581/mo payment, leaves $3,063/mo cash flow. Total monthly income is $3,780/mo, and annual cash flow is $36,761/yr on $39,366 cash. Return on cash invested measures 113.29% in year one, and rental yield stands at 38.2% at a $118,750 entry. Equity gained on principal adds $766/yr while 5% annual appreciation compounds into $32,808 by year five. Five-year ROI records 603.48% and total cumulative return in cash reaches $237,563. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,780/mo property income versus a $581/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
5.21 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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