1241 Spruce StreetLongviewWA98632
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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 Longview at 1241 Spruce Street, Longview, WA, 98632 listed at $359,000 pairs $2,570/mo rent with a $1,757/mo payment to leave $412/mo cash flow. Total monthly income runs $2,570/mo, and annual cash flow reaches $4,945/yr on $119,009 cash to close. Return on cash invested measures 24.06% in year one, and rental yield registers 8.59% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 124.92% and total cumulative return in cash totals $148,663. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,570/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
8,520 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98632, Longview, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,067 (100%) |
| Owner Occupied HU | 12,968 (58.8%) |
| Renter Occupied HU | 7,936 (36.0%) |
| Vacant Housing Units | 1,163 ( 5.3%) |
| Median Home Value | $408,275 |
| Average Home Value | $457,038 |
Housing Distribution
Address Breakdown
Residential
21,479
Single Family
18,095
Multi-Family
3,384
Businesses
1,614
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Listed by: Darla M Gould • Coldwell Banker Bain
Mls Name: NWMLS
Mls ID: #2463237