Iris Plan, River Ridge Estates, Boardman, OR, 97818 | $499/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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Iris Plan, River Ridge Estates, Boardman, OR, 97818 | $499/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Welcome to The Iris, a stunning new floor plan making its debut in Phase 5 of River Ridge Estates by Woodhill Homes! This 1,000 sq ft residence will feature 3 bedrooms, 2 bathrooms, and a spacious 2-car garage, making it the perfect place to call home. Enjoy modern finishes throughout, including durable LVP flooring in the main areas and plush Shaw carpeting in the bedrooms. The kitchen shines with sleek quartz composite countertops, shaker-style cabinets, and stainless-steel appliances, including a gas range. The uninterrupted center island provides space for entertaining or meal prep, while the convenient breakfast bar is perfect for casual dining. The open-concept layout maximizes space and natural light, creating a warm and inviting atmosphere.Retreat to the primary suite, which includes an attached bathroom and a generous walk-in closet for all your storage needs. This Energy Star certified home is designed for energy efficiency, ensuring comfort and lower utility bills. The covered front porch and thoughtfully designed front yard landscaping, complete with timed underground sprinklers, add to the home's curb appeal.Additional features include air conditioning for year-round comfort and a garage door opener for convenience. Don't miss your chance to experience the Iris in River Ridge Estates - especially while you still have time to pick your favorite design selections. Schedule your tour todayyour dream home awaits!

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