15 Spruce LaneSouth BendWA98586
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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 South Bend at 15 Spruce Lane, South Bend, WA, 98586 priced at $560,000 converts $3,109/mo rent into after a $2,741/mo obligation. Total monthly income equals $3,109/mo. Return on cash invested prints 18.38% in year one, and rental yield reads 6.66% against a $560,000 entry. Equity gained on principal adds $3,614/yr, while 5% annual appreciation compiles into $154,718 by year five. Five-year ROI reaches 94.4% and total cumulative return in cash sums $173,921. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,109/mo property income covering a $2,741/mo payment, not borrower’s personal income.
Single Family
Built in 1995
2.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98586, South Bend, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 712 (63.2%) |
| Renter Occupied HU | 250 (22.2%) |
| Vacant Housing Units | 165 (14.6%) |
| Median Home Value | $302,618 |
| Average Home Value | $313,799 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
108
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Listed by: Melanie Seiler • Keller Williams South Sound
Mls Name: NWMLS
Mls ID: #2464086