1038 SW Section Avenue SWQuincyWA98848
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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
Total monthly income runs $1,980/mo, and a $2,344/mo payment. Purchase price stands at $479,000, and rental yield measures 4.96% with $1,980/mo rent. Return on cash invested shows 13.12% in year one, and 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 66.2% and total cumulative return in cash records $105,111. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $2,344/mo payment rather than investor’s personal income.
Manufactured
Built in 1969
10,358 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98848, Quincy, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,008 (100%) |
| Owner Occupied HU | 2,851 (47.5%) |
| Renter Occupied HU | 1,694 (28.2%) |
| Vacant Housing Units | 1,463 (24.4%) |
| Median Home Value | $405,599 |
| Average Home Value | $478,187 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,790
Multi-Family
20
Businesses
391
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Listed by: Ronna Plourd • RE/MAX Community One Realty
Mls Name: NWMLS
Mls ID: #2396312