118 S 23rd PlKennewickWA99337
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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 Kennewick at 118 S 23rd Pl, Kennewick, WA, 99337 offers a 8.14% rental yield on a $380,000 purchase with $2,579/mo rent. Total monthly income registers $2,579/mo, and a $1,860/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,536/yr on $125,970 to close, and return on cash invested stands at 22.72% in year one. Equity gained on principal adds $2,452/yr while 5% annual appreciation supports $104,987 over five years. Portfolio math shows five-year ROI at 117.66% and total cumulative return in cash at $148,213. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,579/mo property income against a $1,860/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
5,662 sqft 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: Ruth Torres • ERA Skyview Realty
Mls Name: PACMLS
Mls ID: #288715