1020 Mellen StreetCentraliaWA98531
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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 Centralia at 1020 Mellen Street, Centralia, WA, 98531 generates $1,308/mo in rent and, after a $685/mo payment, leaves $467/mo in cash flow. Total monthly income is $1,308/mo, and annual cash flow is $5,600/yr on $46,410 invested. Return on cash invested sits at 31.98% in year one, and rental yield is 11.21% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 167.34% and total cumulative return in cash sums $77,662. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,308/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98531, Centralia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,057 (100%) |
| Owner Occupied HU | 6,565 (59.4%) |
| Renter Occupied HU | 3,939 (35.6%) |
| Vacant Housing Units | 553 ( 5.0%) |
| Median Home Value | $437,223 |
| Average Home Value | $476,127 |
Housing Distribution
Address Breakdown
Residential
10,504
Single Family
9,930
Multi-Family
574
Businesses
1,024
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Listed by: Bradley Rohr • Pettit Realty LLC
Mls Name: NWMLS
Mls ID: #2391710