1639 Palermo AveRichlandWA99352
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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 1639 Palermo Ave, Richland, WA, 99352 listed at $654,850 pairs $3,406/mo rent with a $3,205/mo payment. Total monthly income runs $3,406/mo. Return on cash invested measures 17.11% in year one, and rental yield registers 6.24% at a $654,850 basis. Equity gained on principal adds $4,226/yr, and annual property appreciation at 5% supports $180,923 by year five. Five-year ROI tracks 87.54% and total cumulative return in cash totals $188,604. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,406/mo property income relative to a $3,205/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
10,018 sqft 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: Kimberly Feliciano • ERA Skyview Realty
Mls Name: PACMLS
Mls Provider:
Mls ID: #287126
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.