120 Rainbow LanePackwoodWA98361
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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 Packwood at 120 Rainbow Lane, Packwood, WA, 98361 offers $2,130/mo rent that, after a $3,181/mo payment. Total monthly income is $2,130/mo. Return on cash invested measures 10.09% in year one, and rental yield stands at 3.93% at a $649,950 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,569 by year five. Five-year ROI records 49.93% and total cumulative return in cash reaches $106,774. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,130/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98361, Packwood, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 423 (32.5%) |
| Renter Occupied HU | 94 ( 7.2%) |
| Vacant Housing Units | 783 (60.2%) |
| Median Home Value | $263,660 |
| Average Home Value | $313,593 |
Housing Distribution
Address Breakdown
Residential
283
Single Family
274
Multi-Family
9
Businesses
69
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Listed by: Autumn Falk • Better Properties UP/Fircrest
Mls Name: NWMLS
Mls ID: #2431891