Iris Plan, River Ridge EstatesBoardmanOR97818
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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 Boardman at Iris Plan, River Ridge Estates, Boardman, OR, 97818 listed at $294,950 pairs $2,280/mo rent with a $1,444/mo payment to leave $499/mo cash flow. Total monthly income runs $2,280/mo, and annual cash flow reaches $5,991/yr on $97,776 cash to close. Return on cash invested measures 26.04% in year one, and rental yield registers 9.28% at a $294,950 basis. Equity gained on principal adds $1,903/yr, and annual property appreciation at 5% supports $81,489 by year five. Five-year ROI tracks 135.53% and total cumulative return in cash totals $132,514. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,280/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 97818, Boardman, OR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,050 (100%) |
| Owner Occupied HU | 1,131 (55.2%) |
| Renter Occupied HU | 740 (36.1%) |
| Vacant Housing Units | 179 ( 8.7%) |
| Median Home Value | $279,688 |
| Average Home Value | $339,772 |
Housing Distribution
Address Breakdown
Residential
1,391
Single Family
1,340
Multi-Family
51
Businesses
148
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