1003 Elm AveRichlandWA99352
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1003 Elm Ave, Richland, WA, 99352 in Richland speaks for itself: 10.14% gross on a $293,000 price, generating $2,476/mo in rent and $714/mo in net income after the $1,318/mo debt service. DSCR 1.88, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,572 stacks alongside $80,951 in projected five-year appreciation and $2,699/yr in principal reduction. Projected total cumulative return: $156,838.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 5.8% |
| Monthly Cash Flow | $714 | $1,250 |
City averages based on Richland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,476 |
| Total Monthly Debt Service | $1,645 |
| DSCR Ratio | 1.51x |
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 1948
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99352, Richland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,894 (100%) |
| Owner Occupied HU | 11,107 (65.7%) |
| Renter Occupied HU | 5,094 (30.2%) |
| Vacant Housing Units | 693 ( 4.1%) |
| Median Home Value | $503,035 |
| Average Home Value | $545,350 |
Housing Distribution
Address Breakdown
Residential
16,134
Single Family
13,792
Multi-Family
2,342
Businesses
1,417
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 1948
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99352, Richland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,894 (100%) |
| Owner Occupied HU | 11,107 (65.7%) |
| Renter Occupied HU | 5,094 (30.2%) |
| Vacant Housing Units | 693 ( 4.1%) |
| Median Home Value | $503,035 |
| Average Home Value | $545,350 |
Housing Distribution
Address Breakdown
Residential
16,134
Single Family
13,792
Multi-Family
2,342
Businesses
1,417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Valerie Alderson • Seaquist Real Estate
Mls Name: PACMLS
Mls ID: #290699