1023 SE Dove LaneCollege PlaceWA99324
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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 College Place at 1023 SE Dove Lane, College Place, WA, 99324 generates $1,245/mo in rent and, after a $803/mo payment, leaves $248/mo in cash flow. Total monthly income is $1,245/mo, and annual cash flow is $2,980/yr on $54,366 invested. Return on cash invested sits at 25.39% in year one, and rental yield is 9.11% on a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 132.17% and total cumulative return in cash sums $71,853. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,245/mo property income rather than buyer’s personal income.
Manufactured
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99324, College Place, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,388 (100%) |
| Owner Occupied HU | 2,378 (54.2%) |
| Renter Occupied HU | 1,557 (35.5%) |
| Vacant Housing Units | 453 (10.3%) |
| Median Home Value | $437,500 |
| Average Home Value | $456,674 |
Housing Distribution
Address Breakdown
Residential
4,212
Single Family
4,040
Multi-Family
172
Businesses
236
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Listed by: Scooter Johnston • eXp Realty
Mls Name: NWMLS
Mls Provider:
Mls ID: #2446346
Disclaimer: Based on information submitted to the MLS GRID as of 2026-01-05 03:49:02 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)