1409 Queen AveYakimaWA98902
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1409 Queen Ave, Yakima, WA, 98902 in Yakima earns a 8.83% gross yield at $310,000. Rent of $2,281/mo nets $410/mo after the $1,394/mo mortgage. The 1.64 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $85,647 and $2,855/yr in equity accumulation project a total cumulative return of $143,748.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.2% |
| Monthly Cash Flow | $410 | $450 |
City averages based on Yakima market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,281 |
| Total Monthly Debt Service | $1,748 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98902, Yakima, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,594 (100%) |
| Owner Occupied HU | 9,170 (49.3%) |
| Renter Occupied HU | 8,596 (46.2%) |
| Vacant Housing Units | 828 ( 4.5%) |
| Median Home Value | $280,057 |
| Average Home Value | $319,492 |
Housing Distribution
Address Breakdown
Residential
17,340
Single Family
15,716
Multi-Family
1,624
Businesses
1,522
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1955
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98902, Yakima, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,594 (100%) |
| Owner Occupied HU | 9,170 (49.3%) |
| Renter Occupied HU | 8,596 (46.2%) |
| Vacant Housing Units | 828 ( 4.5%) |
| Median Home Value | $280,057 |
| Average Home Value | $319,492 |
Housing Distribution
Address Breakdown
Residential
17,340
Single Family
15,716
Multi-Family
1,624
Businesses
1,522
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allison Lynn Lawson • John L Scott - Prosser
Mls Name: YARMLS
Mls Provider:
Mls ID: #25-1194
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.