114 S Highland DrKennewickWA99337
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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 Kennewick at 114 S Highland Dr, Kennewick, WA, 99337 priced at $420,000 converts $2,460/mo rent into after a $2,056/mo obligation. Total monthly income equals $2,460/mo. Return on cash invested prints 19.35% in year one, and rental yield reads 7.03% against a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,038 by year five. Five-year ROI reaches 99.59% and total cumulative return in cash sums $138,655. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,460/mo property income covering a $2,056/mo payment, not borrower’s personal income.
Single Family
Built in 1977
0.34 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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Listed by: Jeff Smart • HomeSmart Elite Brokers
Mls Name: PACMLS
Mls ID: #286315