19029 E Boone Ave LOT 2GreenacresWA99016
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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 Greenacres at 19029 E Boone Ave LOT 2, Greenacres, WA, 99016 earns $305/mo cash flow from $1,387/mo rent with a $881/mo payment. Total monthly income totals $1,387/mo, and annual cash flow totals $3,661/yr on $59,637 capital. ROI tracks 26.05% on current figures, and rental yield reads 9.25% at a $179,900 purchase. Equity gained on principal adds $1,161/yr, and 5% annual appreciation supports $49,703 over five years. Five-year ROI reaches 135.64% and total cumulative return in cash sums $80,889. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,387/mo property income instead of your personal income.
Manufactured
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99016, Greenacres, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,721 (100%) |
| Owner Occupied HU | 5,432 (70.4%) |
| Renter Occupied HU | 2,001 (25.9%) |
| Vacant Housing Units | 288 ( 3.7%) |
| Median Home Value | $540,005 |
| Average Home Value | $599,307 |
Housing Distribution
Address Breakdown
Residential
8,112
Single Family
7,895
Multi-Family
217
Businesses
233
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Listed by: Gregg Patterson • Amplify Real Estate Services
Mls Name: SMLS
Mls ID: #202521363