1515 W Waldrip Street, Elma, WA, 98541 | $21/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1515 W Waldrip Street, Elma, WA, 98541 | $21/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
1606 sft

209 Old Hill Rd, Aberdeen, WA, 98520

4 Bed
2 Bath
1814 sft

820 Garden Road, Aberdeen, WA, 98520

4 Bed
2 Bath
1652 sft

1600 Young Street, Aberdeen, WA, 98520

3 Bed
2 Bath
1568 sft

2316 Wishkah Road, Aberdeen, WA, 98520

Nearby investment properties with comparable prices

4 Bed
2 Bath
2388 sft

4 Tweed Place, Cosmopolis, WA, 98537

Currently Rented+ 2 more

3 Bed
3 Bath
2018 sft

921 W Wishkah Street, Aberdeen, WA, 98520

4 Bed
3 Bath
1798 sft

335 Evergreen Lane, Aberdeen, WA, 98520

3 Bed
2 Bath
2010 sft

908 N Jeffries Street, Aberdeen, WA, 98520

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Elma at 1515 W Waldrip Street, Elma, WA, 98541 offers a 7.27% rental yield on a $449,900 purchase with $2,725/mo rent. Total monthly income registers $2,725/mo, and a $2,202/mo payment leaves $21/mo available for distribution. Annual cash flow reaches $247/yr on $149,142 to close, and return on cash invested stands at 20.07% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 103.5% and total cumulative return in cash at $154,354. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,725/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1971

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious 4 bed, 1.75 bath home situated on two parcels in a prime location with an attached single-car garage and detached two-car shop. Recent updates include interior paint, new carpet, new pellet stove insert, and new chain-link fencing in the backyard. The home offers a functional layout with four bedrooms, providing flexibility for additional living space, office, or guest rooms. The exterior features a fully fenced backyard, ideal for pets or outdoor activities. The attached garage provides everyday parking and storage, while the detached shop offers ample space for vehicles, hobbies, or projects.This property combines comfort and practicality with its recent improvements, spacious layout, and multiple outbuildings.

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