1504 Hoffman StRichlandWA99352
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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 Richland at 1504 Hoffman St, Richland, WA, 99352 generates $1,080/mo in rent and, after a $661/mo payment, leaves $260/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $3,119/yr on $44,753 invested. Return on cash invested sits at 26.88% in year one, and rental yield is 9.6% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 140.05% and total cumulative return in cash sums $62,677. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99352, Richland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,894 (100%) |
| Owner Occupied HU | 11,107 (65.7%) |
| Renter Occupied HU | 5,094 (30.2%) |
| Vacant Housing Units | 693 ( 4.1%) |
| Median Home Value | $503,035 |
| Average Home Value | $545,350 |
Housing Distribution
Address Breakdown
Residential
16,134
Single Family
13,792
Multi-Family
2,342
Businesses
1,417
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Listed by: Wilhelmina Johnson • Windermere Group One/Tri-Cities
Mls Name: PACMLS
Mls Provider:
Mls ID: #284624
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.