1604 Sorrento LnRichlandWA99352
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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 Richland at 1604 Sorrento Ln, Richland, WA, 99352 offers a 8.34% rental yield on a $712,800 purchase with $4,956/mo rent. Total monthly income registers $4,956/mo, and a $3,489/mo payment leaves $624/mo available for distribution. Annual cash flow reaches $7,482/yr on $234,511 to close, and return on cash invested stands at 23.25% in year one. Equity gained on principal adds $4,600/yr while 5% annual appreciation supports $196,934 over five years. Portfolio math shows five-year ROI at 120.58% and total cumulative return in cash at $282,782. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,956/mo property income against a $3,489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99352, Richland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,894 (100%) |
| Owner Occupied HU | 11,107 (65.7%) |
| Renter Occupied HU | 5,094 (30.2%) |
| Vacant Housing Units | 693 ( 4.1%) |
| Median Home Value | $503,035 |
| Average Home Value | $545,350 |
Housing Distribution
Address Breakdown
Residential
16,134
Single Family
13,792
Multi-Family
2,342
Businesses
1,417
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A