1551 Elk Ridge LnSelahWA98942
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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 Selah at 1551 Elk Ridge Ln, Selah, WA, 98942 uses $172,725 cash to close to unlock $1,869/yr annual cash flow and $156/mo monthly cash flow. Total monthly income runs $3,312/mo, and a $2,570/mo payment keeps the spread at $156/mo. Purchase price stands at $525,000, and rental yield measures 7.57% with $3,312/mo rent. Return on cash invested shows 21.14% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 109.19% and total cumulative return in cash records $188,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,312/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Single Family
Built in 1992
37.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98942, Selah, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,051 (100%) |
| Owner Occupied HU | 5,100 (72.3%) |
| Renter Occupied HU | 1,722 (24.4%) |
| Vacant Housing Units | 229 ( 3.2%) |
| Median Home Value | $432,167 |
| Average Home Value | $486,327 |
Housing Distribution
Address Breakdown
Residential
6,922
Single Family
6,602
Multi-Family
320
Businesses
400
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Listed by: Cory Bemis • John L Scott Yakima
Mls Name: YARMLS
Mls ID: #25-2809