1842 Island Drive, Longview, WA, 98632 | $293/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1842 Island Drive, Longview, WA, 98632 | $293/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Longview at 1842 Island Drive, Longview, WA, 98632 earns $293/mo cash flow from $3,238/mo rent with a $2,398/mo payment. Total monthly income totals $3,238/mo, and annual cash flow totals $3,515/yr on $162,402 capital. ROI tracks 22.07% on current figures, and rental yield reads 7.93% at a $489,900 purchase. Equity gained on principal adds $3,161/yr, and 5% annual appreciation supports $135,350 over five years. Five-year ROI reaches 114.21% and total cumulative return in cash sums $185,477. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,238/mo property income instead of your personal income.

Single Family

Built in 2001

6,525 sqft lot

$N/A/sqft

No HOA

More details about the property

Start packing! This spacious home offers over 2,400 sq. ft. with 4 bedrooms. The main level features a living room, dining room, and family room perfect for both everyday living and entertaining. Kitchen with granite counters and island. Upstairs, youll find all 4 bedrooms, including a large primary suite with walk-in closet and beautifully remodeled bath with double vanities and walk-in shower. Convenient laundry room (washer & dryer included). Step outside to a fully fenced backyard with a large patio and storage/tool shed. Located in a community with walking trails and a playground.

Neighborhood Data

Neighborhood data shown for ZIP Code: 98632, Longview, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,067 (100%)
Owner Occupied HU	12,968 (58.8%)
Renter Occupied HU	7,936 (36.0%)
Vacant Housing Units	1,163 ( 5.3%)
Median Home Value	$408,275
Average Home Value	$457,038