615 Merriott LnWoodburnOR97071
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis Woodburn rental at 615 Merriott Ln, Woodburn, OR, 97071 sits in the solid-income band: 7.88% gross yield, $2,818/mo rent, $229/mo net after the $1,929/mo debt service, DSCR 1.46. Entry price of $428,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $118,497 and $3,950/yr in principal reduction bring total cumulative return to $177,104.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 5.8% |
| Monthly Cash Flow | $229 | $320 |
City averages based on Woodburn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,818 |
| Total Monthly Debt Service | $2,418 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97071, Woodburn, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,645
Single Family
9,933
Multi-Family
712
Businesses
853
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
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97071, Woodburn, OR area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,645
Single Family
9,933
Multi-Family
712
Businesses
853
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices