1014 Meade AveProsserWA99350
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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
Rental property for sale in Prosser at 1014 Meade Ave, Prosser, WA, 99350 offers $1,375/mo rent that, after a $2,325/mo payment. Total monthly income is $1,375/mo. Return on cash invested measures 8.63% in year one, and rental yield stands at 3.47% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 42.11% and total cumulative return in cash reaches $66,307. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,375/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1903
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99350, Prosser, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,049 (100%) |
| Owner Occupied HU | 3,366 (66.7%) |
| Renter Occupied HU | 1,334 (26.4%) |
| Vacant Housing Units | 349 ( 6.9%) |
| Median Home Value | $416,998 |
| Average Home Value | $494,311 |
Housing Distribution
Address Breakdown
Residential
4,789
Single Family
4,472
Multi-Family
317
Businesses
420
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Listed by: Matti Raekes • Windermere Group One/Tri-Cities
Mls Name: PACMLS
Mls Provider:
Mls ID: #284100
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.