120 S 89th Pl #23RidgefieldWA98642
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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 Ridgefield at 120 S 89th Pl #23, Ridgefield, WA, 98642 listed at $624,960 pairs $3,629/mo rent with a $3,059/mo payment. Total monthly income runs $3,629/mo. Return on cash invested measures 19.31% in year one, and rental yield registers 6.97% at a $624,960 basis. Equity gained on principal adds $4,033/yr, and annual property appreciation at 5% supports $172,665 by year five. Five-year ROI tracks 99.4% and total cumulative return in cash totals $204,372. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,629/mo property income relative to a $3,059/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98642, Ridgefield, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,339 (100%) |
| Owner Occupied HU | 8,840 (78.0%) |
| Renter Occupied HU | 1,988 (17.5%) |
| Vacant Housing Units | 511 ( 4.5%) |
| Median Home Value | $712,963 |
| Average Home Value | $782,774 |
Housing Distribution
Address Breakdown
Residential
10,575
Single Family
10,024
Multi-Family
551
Businesses
419
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Listed by: Miranda Eversole • Holt Homes Realty, LLC
Mls Name: RMLS (OR)
Mls ID: #103075369