1212 W Martin StreetElmaWA98541
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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 1212 W Martin Street, Elma, WA, 98541 uses $101,108 cash to close to unlock $8,225/yr annual cash flow and $685/mo monthly cash flow. Total monthly income runs $2,519/mo, and a $1,493/mo payment keeps the spread at $685/mo. Purchase price stands at $305,000, and rental yield measures 9.91% with $2,519/mo rent. Return on cash invested shows 28.04% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 146.25% and total cumulative return in cash records $147,874. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,519/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Single Family
Built in 1940
9,374 sqft 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: Michael Thai • Safegate Real Estate
Mls Name: NWMLS
Mls ID: #2466717