121 3rd Street NWCarbonadoWA98323
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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 Carbonado at 121 3rd Street NW, Carbonado, WA, 98323 uses $128,954 cash to close to unlock $2,383/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $2,537/mo, and a $1,904/mo payment keeps the spread at $199/mo. Purchase price stands at $389,000, and rental yield measures 7.83% with $2,537/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 112.53% and total cumulative return in cash records $145,110. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,537/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1919
9,796 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98323, Carbonado, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 286 (85.9%) |
| Renter Occupied HU | 33 ( 9.9%) |
| Vacant Housing Units | 14 ( 4.2%) |
| Median Home Value | $723,333 |
| Average Home Value | $768,033 |
Housing Distribution
Address Breakdown
Residential
9
Single Family
9
Multi-Family
0
Businesses
6
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Listed by: Jenny Roberts • Redfin
Mls Name: NWMLS
Mls ID: #2456720