111 K Street 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
Rental property for sale in Quincy at 111 K Street SW, Quincy, WA, 98848 offers $1,842/mo rent that, after a $1,370/mo payment, leaves $159/mo cash flow. Total monthly income is $1,842/mo, and annual cash flow is $1,912/yr on $92,820 cash. Return on cash invested measures 21.97% in year one, and rental yield stands at 7.89% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 113.67% and total cumulative return in cash reaches $105,513. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,842/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,575 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: Lisa Garmon • Sunset Real Estate
Mls Name: NWMLS
Mls ID: #2447957