114 S ElderSoap LakeWA98851
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Soap Lake at 114 S Elder, Soap Lake, WA, 98851 at $329,900 posts ROI 25.41% with $502/mo cash flow from $2,485/mo rent. Total monthly income equals $2,485/mo, and annual cash flow records $6,019/yr on $109,362 to close. Return on cash invested measures 25.41% and rental yield reads 9.04% at the current $329,900. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 by year five. Five-year ROI prints 132.14% and total cumulative return in cash totals $144,507.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,485/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
6,246 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98851, Soap Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,270 (100%) |
| Owner Occupied HU | 1,438 (63.3%) |
| Renter Occupied HU | 606 (26.7%) |
| Vacant Housing Units | 226 ( 10.0%) |
| Median Home Value | $327,536 |
| Average Home Value | $362,531 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
949
Multi-Family
0
Businesses
65
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Nearby investment properties with comparable prices
Listed by: Tatyana Reynolds • Keller Williams Columbia Basin
Mls Name: NWMLS
Mls ID: #2444080