1516 S Morningside Heights DrGreenacresWA99016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Greenacres at 1516 S Morningside Heights Dr, Greenacres, WA, 99016 listed at $999,800 pairs $3,527/mo rent with a $4,894/mo payment. Total monthly income runs $3,527/mo. Return on cash invested measures 11% in year one, and rental yield registers 4.23% at a $999,800 basis. Equity gained on principal adds $6,452/yr, and annual property appreciation at 5% supports $276,226 by year five. Five-year ROI tracks 54.8% and total cumulative return in cash totals $180,241. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,527/mo property income relative to a $4,894/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99016, Greenacres, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,721 (100%) |
| Owner Occupied HU | 5,432 (70.4%) |
| Renter Occupied HU | 2,001 (25.9%) |
| Vacant Housing Units | 288 ( 3.7%) |
| Median Home Value | $540,005 |
| Average Home Value | $599,307 |
Housing Distribution
Address Breakdown
Residential
8,112
Single Family
7,895
Multi-Family
217
Businesses
233
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Listed by: Gayle Earling • Windermere Valley
Mls Name: SMLS
Mls ID: #202519938