1020 Wright AveRichlandWA99354
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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 Richland at 1020 Wright Ave, Richland, WA, 99354 uses $89,837 cash to close to unlock $2,405/yr annual cash flow and $200/mo monthly cash flow. Total monthly income runs $1,829/mo, and a $1,326/mo payment keeps the spread at $200/mo. Purchase price stands at $271,000, and rental yield measures 8.1% with $1,829/mo rent. Return on cash invested shows 22.59% in year one, and 5% annual appreciation builds toward $74,872 over five years. Five-year ROI reaches 116.99% and total cumulative return in cash records $105,099. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,829/mo property income covering a $1,326/mo payment rather than investor’s personal income.
Single Family
Built in 1944
3,920 sqft lot
$N/A/sqft
No HOA
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Listed by: Jason Barrow • Retter and Company Sotheby's
Mls Name: PACMLS
Mls Provider:
Mls ID: #287571
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