1408 Douglas AvenueRock IslandWA98850
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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 Rock Island at 1408 Douglas Avenue, Rock Island, WA, 98850 generates $3,265/mo in rent and, after a $2,619/mo payment, leaves $49/mo in cash flow. Total monthly income is $3,265/mo, and annual cash flow is $583/yr on $176,015 invested. Return on cash invested sits at 20.39% in year one, and rental yield is 7.32% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 105.17% and total cumulative return in cash sums $185,116. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,265/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98850, Rock Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 903 (100%) |
| Owner Occupied HU | 574 (63.6%) |
| Renter Occupied HU | 201 (22.3%) |
| Vacant Housing Units | 128 (14.2%) |
| Median Home Value | $424,490 |
| Average Home Value | $478,580 |
Housing Distribution
Address Breakdown
Residential
581
Single Family
581
Multi-Family
0
Businesses
34
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Listed by: Sharmon Huber • BHHS Jessup Real Estate
Mls Name: NWMLS
Mls ID: #2447194