1615 Cornell AveYakimaWA98902
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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 Yakima at 1615 Cornell Ave, Yakima, WA, 98902 priced at $349,900 converts $2,203/mo rent into $99/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,203/mo, and annual cash flow totals $1,191/yr on $115,992 invested. Return on cash invested prints 20.94% in year one, and rental yield reads 7.56% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 108.15% and total cumulative return in cash sums $125,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,203/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1946
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98902, Yakima, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,594 (100%) |
| Owner Occupied HU | 9,170 (49.3%) |
| Renter Occupied HU | 8,596 (46.2%) |
| Vacant Housing Units | 828 ( 4.5%) |
| Median Home Value | $280,057 |
| Average Home Value | $319,492 |
Housing Distribution
Address Breakdown
Residential
17,340
Single Family
15,716
Multi-Family
1,624
Businesses
1,522
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Listed by: Fenja Swope • Berkshire Hathaway HomeServices Central Washington Real Estate
Mls Name: YARMLS
Mls Provider:
Mls ID: #25-993
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.