117 N 9th AveRidgefieldWA98642
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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 Ridgefield at 117 N 9th Ave, Ridgefield, WA, 98642 uses $129,219 cash to close to unlock $3,561/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,908/mo payment keeps the spread at $297/mo. Purchase price stands at $389,800, and rental yield measures 8.13% with $2,640/mo rent. Return on cash invested shows 22.66% in year one, and 5% annual appreciation builds toward $107,695 over five years. Five-year ROI reaches 117.38% and total cumulative return in cash records $151,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1962
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98642, Ridgefield, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,339 (100%) |
| Owner Occupied HU | 8,840 (78.0%) |
| Renter Occupied HU | 1,988 (17.5%) |
| Vacant Housing Units | 511 ( 4.5%) |
| Median Home Value | $712,963 |
| Average Home Value | $782,774 |
Housing Distribution
Address Breakdown
Residential
10,575
Single Family
10,024
Multi-Family
551
Businesses
419
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Listed by: Will Murphy • Premiere Property Group, LLC
Mls Name: RMLS (OR)
Mls ID: #400936663