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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Woodburn at 603 Merriott Ln, Woodburn, OR, 97071 offers $3,000/mo rent that, after a $1,955/mo payment, leaves $550/mo cash flow. Total monthly income is $3,000/mo, and annual cash flow is $6,600/yr on $132,401 cash. Return on cash invested measures 24.89% in year one, and rental yield stands at 9.01% at a $399,400 entry. Equity gained on principal adds $2,577/yr while 5% annual appreciation compounds into $110,347 by year five. Five-year ROI records 129.54% and total cumulative return in cash reaches $171,511. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $1,955/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
4,356 sqft lot
$N/A/sqft
$39 monthly HOA
Neighborhood data shown for ZIP Code: 97071, Woodburn, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,832 (100%) |
| Owner Occupied HU | 7,016 (59.3%) |
| Renter Occupied HU | 3,962 (33.5%) |
| Vacant Housing Units | 854 ( 7.2%) |
| Median Home Value | $441,872 |
| Average Home Value | $501,221 |
Residential
10,645
Single Family
9,933
Multi-Family
712
Businesses
853
Date | Event | Price |
|---|---|---|
| 2025-09-22 | Pending sale | $399,400 |
| 2025-09-09 | Price change | $399,400 |
| 2025-07-29 | Listed for sale | $419,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $1031.04 | N/A | $53,330 | N/A |
Listed by: JASON LEINER • Lennar Homes
Mls Name: WVMLS
Mls Provider:
Mls ID: #832141
Disclaimer: Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
