118 Hemlock Street NSoap LakeWA98851
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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 Soap Lake at 118 Hemlock Street N, Soap Lake, WA, 98851 listed at $290,000 pairs $2,026/mo rent with a $1,419/mo payment to leave $283/mo cash flow. Total monthly income runs $2,026/mo, and annual cash flow reaches $3,398/yr on $96,135 cash to close. Return on cash invested measures 23.44% in year one, and rental yield registers 8.38% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 121.6% and total cumulative return in cash totals $116,896. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,026/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
7,997 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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Listed by: Alison May • BHGRE Gary Mann Realty
Mls Name: NWMLS
Mls ID: #2425352