1116 W 16th PlKennewickWA99337
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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
Investment property for sale in Kennewick at 1116 W 16th Pl, Kennewick, WA, 99337 uses $126,534 cash to close to unlock $8,325/yr annual cash flow and $694/mo monthly cash flow. Total monthly income runs $2,988/mo, and a $1,868/mo payment keeps the spread at $694/mo. Purchase price stands at $381,700, and rental yield measures 9.39% with $2,988/mo rent. Return on cash invested shows 26.49% in year one, and 5% annual appreciation builds toward $105,457 over five years. Five-year ROI reaches 137.9% and total cumulative return in cash records $174,486. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,988/mo property income covering a $1,868/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99337, Kennewick, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,773 (100%) |
| Owner Occupied HU | 10,330 (80.9%) |
| Renter Occupied HU | 2,031 (15.9%) |
| Vacant Housing Units | 412 ( 3.2%) |
| Median Home Value | $449,495 |
| Average Home Value | $477,667 |
Housing Distribution
Address Breakdown
Residential
12,081
Single Family
11,956
Multi-Family
125
Businesses
152
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