1509 W Waldrip StreetElmaWA98541
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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 Elma at 1509 W Waldrip Street, Elma, WA, 98541 listed at $347,000 pairs $1,685/mo rent with a $1,698/mo payment. Total monthly income runs $1,685/mo. Return on cash invested measures 15.73% in year one, and rental yield registers 5.83% at a $347,000 basis. Equity gained on principal adds $2,239/yr, and annual property appreciation at 5% supports $95,870 by year five. Five-year ROI tracks 80.22% and total cumulative return in cash totals $92,276. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,685/mo property income relative to a $1,698/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98541, Elma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,884 (100%) |
| Owner Occupied HU | 3,333 (68.2%) |
| Renter Occupied HU | 1,067 (21.8%) |
| Vacant Housing Units | 484 ( 9.9%) |
| Median Home Value | $446,082 |
| Average Home Value | $471,424 |
Housing Distribution
Address Breakdown
Residential
3,681
Single Family
3,576
Multi-Family
105
Businesses
258
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Listed by: David Quigg • Quigg & Co Real Estate
Mls Name: NWMLS
Mls ID: #2435833