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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Davenport at 1104 Merriam St, Davenport, WA, 99122 generates $3,718/mo in rent and, after a $1,909/mo payment, leaves $1,374/mo in cash flow. Total monthly income is $3,718/mo, and annual cash flow is $16,482/yr on $129,285 invested. Return on cash invested sits at 32.66% in year one, and rental yield is 11.44% on a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation builds toward $107,750 over five years. Five-year ROI reaches 170.98% and total cumulative return in cash sums $221,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,718/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 99122, Davenport, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,353 (100%) |
| Owner Occupied HU | 1,394 (59.2%) |
| Renter Occupied HU | 315 (13.4%) |
| Vacant Housing Units | 644 (27.4%) |
| Median Home Value | $365,152 |
| Average Home Value | $409,127 |
Residential
1,536
Single Family
1,516
Multi-Family
20
Businesses
169
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Patrick Stevers • RE/MAX Citibrokers
Mls Name: SMLS
Mls ID: #202527592
