1715 S Ridgemont DrVeradaleWA99037
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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 Veradale at 1715 S Ridgemont Dr, Veradale, WA, 99037 offers a 7.07% rental yield on a $609,900 purchase with $3,595/mo rent. 64% in year one. Equity gained on principal adds $3,936/yr while 5% annual appreciation supports $168,504 over five years. Portfolio math shows five-year ROI at 101.1% and total cumulative return in cash at $202,860. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,595/mo property income against a $2,985/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99037, Veradale, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,321 (100%) |
| Owner Occupied HU | 4,125 (56.3%) |
| Renter Occupied HU | 2,982 (40.7%) |
| Vacant Housing Units | 214 ( 2.9%) |
| Median Home Value | $526,688 |
| Average Home Value | $563,407 |
Housing Distribution
Address Breakdown
Residential
6,914
Single Family
5,618
Multi-Family
1,296
Businesses
565
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Listed by: Kevin Russell • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls ID: #202610487