1639 State Route 505ToledoWA98591
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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 Toledo at 1639 State Route 505, Toledo, WA, 98591 offers a 8.49% rental yield on a $345,000 purchase with $2,441/mo rent. Total monthly income registers $2,441/mo, and a $1,689/mo payment leaves $367/mo available for distribution. Annual cash flow reaches $4,401/yr on $114,368 to close, and return on cash invested stands at 23.76% in year one. Equity gained on principal adds $2,226/yr while 5% annual appreciation supports $95,317 over five years. Portfolio math shows five-year ROI at 123.24% and total cumulative return in cash at $140,944. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,441/mo property income against a $1,689/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98591, Toledo, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,931 (100%) |
| Owner Occupied HU | 1,445 (74.8%) |
| Renter Occupied HU | 311 (16.1%) |
| Vacant Housing Units | 175 ( 9.1%) |
| Median Home Value | $590,054 |
| Average Home Value | $603,114 |
Housing Distribution
Address Breakdown
Residential
1,292
Single Family
1,273
Multi-Family
19
Businesses
117
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Listed by: Coleen Grove • BHGRE - Northwest Home Team
Mls Name: NWMLS
Mls ID: #2395949