1640 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
Rental property for sale in Richland at 1640 Palermo Ave, Richland, WA, 99352 generates $3,026/mo in rent, after a $3,083/mo payment. Total monthly income is $3,026/mo. Return on cash invested sits at 15.66% in year one, and rental yield is 5.77% on a $629,850 entry. Equity gained on principal adds $4,064/yr, while 5% annual appreciation builds toward $174,016 over five years. Five-year ROI reaches 79.78% and total cumulative return in cash sums $165,311. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,026/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
9,583 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: Jesse Irwin • Coldwell Banker Tomlinson
Mls Name: PACMLS
Mls ID: #288841