1419 SE Independence DriveCollege PlaceWA99324
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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 College Place at 1419 SE Independence Drive, College Place, WA, 99324 uses $132,567 cash to close to unlock $7,085/yr annual cash flow and $590/mo monthly cash flow. Total monthly income runs $2,994/mo, and a $1,957/mo payment keeps the spread at $590/mo. Purchase price stands at $399,900, and rental yield measures 8.98% with $2,994/mo rent. Return on cash invested shows 25.25% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 131.29% and total cumulative return in cash records $174,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,994/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99324, College Place, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,388 (100%) |
| Owner Occupied HU | 2,378 (54.2%) |
| Renter Occupied HU | 1,557 (35.5%) |
| Vacant Housing Units | 453 (10.3%) |
| Median Home Value | $437,500 |
| Average Home Value | $456,674 |
Housing Distribution
Address Breakdown
Residential
4,212
Single Family
4,040
Multi-Family
172
Businesses
236
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Listed by: Ben Wolfram • Williams Team Homes LLC
Mls Name: NWMLS
Mls ID: #2438122