1190 Monte Elma RoadElmaWA98541
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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 Elma at 1190 Monte Elma Road, Elma, WA, 98541 offers a 6.85% rental yield on a $435,000 purchase with $2,483/mo rent. 81% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 96.75% and total cumulative return in cash at $139,512. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,483/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98541, Elma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,884 (100%) |
| Owner Occupied HU | 3,333 (68.2%) |
| Renter Occupied HU | 1,067 (21.8%) |
| Vacant Housing Units | 484 ( 9.9%) |
| Median Home Value | $446,082 |
| Average Home Value | $471,424 |
Housing Distribution
Address Breakdown
Residential
3,681
Single Family
3,576
Multi-Family
105
Businesses
258
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Listed by: Kayla Smith • Oak & Stone Realty Group LLC
Mls Name: NWMLS
Mls ID: #2417548