113 Summit Place DriveMcClearyWA98557
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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 McCleary at 113 Summit Place Drive, McCleary, WA, 98557 generates $3,360/mo in rent and, after a $2,442/mo payment, leaves $361/mo in cash flow. Total monthly income is $3,360/mo, and annual cash flow is $4,331/yr on $165,385 invested. Return on cash invested sits at 22.53% in year one, and rental yield is 8.08% on a $498,900 entry. Equity gained on principal adds $3,219/yr, while 5% annual appreciation builds toward $137,837 over five years. Five-year ROI reaches 116.64% and total cumulative return in cash sums $192,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98557, Mccleary, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,569 (100%) |
| Owner Occupied HU | 1,159 (73.9%) |
| Renter Occupied HU | 324 (20.7%) |
| Vacant Housing Units | 86 ( 5.5%) |
| Median Home Value | $445,349 |
| Average Home Value | $455,349 |
Housing Distribution
Address Breakdown
Residential
1,212
Single Family
1,164
Multi-Family
48
Businesses
67
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Listed by: Anna Lisa Schorn • Van Dorm Realty, Inc
Mls Name: NWMLS
Mls ID: #2414252