15225 E Nelson RdElkWA99009
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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 Elk at 15225 E Nelson Rd, Elk, WA, 99009 generates $3,361/mo in rent, after a $3,108/mo payment. Total monthly income is $3,361/mo. Return on cash invested sits at 17.44% in year one, and rental yield is 6.35% on a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 89.33% and total cumulative return in cash sums $186,620. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,361/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
22.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99009, Elk, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,525 (82.9%) |
| Renter Occupied HU | 182 ( 9.9%) |
| Vacant Housing Units | 132 ( 7.2%) |
| Median Home Value | $425,207 |
| Average Home Value | $452,974 |
Housing Distribution
Address Breakdown
Residential
1,416
Single Family
1,416
Multi-Family
0
Businesses
88
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Listed by: Chad Kennedy • eXp Realty, LLC Branch
Mls Name: SMLS
Mls ID: #202522138