1198 N Section PlaceQuincyWA98848
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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 Quincy at 1198 N Section Place, Quincy, WA, 98848 generates $1,524/mo in rent, after a $2,442/mo payment. Total monthly income is $1,524/mo. Return on cash invested sits at 9.21% in year one, and rental yield is 3.66% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 45.22% and total cumulative return in cash sums $74,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,524/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98848, Quincy, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,008 (100%) |
| Owner Occupied HU | 2,851 (47.5%) |
| Renter Occupied HU | 1,694 (28.2%) |
| Vacant Housing Units | 1,463 (24.4%) |
| Median Home Value | $405,599 |
| Average Home Value | $478,187 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,790
Multi-Family
20
Businesses
391
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Listed by: Ronna Plourd • RE/MAX Community One Realty
Mls Name: NWMLS
Mls ID: #2418929