111 E First StreetSouth BendWA98586
Nearby investment properties with comparable rents
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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 South Bend at 111 E First Street, South Bend, WA, 98586 priced at $465,000 converts $1,620/mo rent into after a $2,276/mo obligation. Total monthly income equals $1,620/mo. Return on cash invested prints 10.76% in year one, and rental yield reads 4.18% against a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation compiles into $128,471 by year five. Five-year ROI reaches 53.54% and total cumulative return in cash sums $82,535. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,620/mo property income covering a $2,276/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98586, South Bend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 712 (63.2%) |
| Renter Occupied HU | 250 (22.2%) |
| Vacant Housing Units | 165 (14.6%) |
| Median Home Value | $302,618 |
| Average Home Value | $313,799 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
108
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Nearby investment properties with comparable prices
Listed by: Melanie Seiler • Keller Williams South Sound
Mls Name: NWMLS
Mls ID: #2413813