20 W Newberry LaneElmaWA98541
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Nearby investment properties with comparable prices
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 Elma at 20 W Newberry Lane, Elma, WA, 98541 priced at $275,000 pairs $1,674/mo rent with $21/mo cash flow after a $1,346/mo payment. Total monthly income equals $1,674/mo, and annual cash flow comes to $251/yr on $91,163 invested. Return on cash invested is 20.18% in year one, and rental yield stands at 7.3% on a $275,000 basis. Equity gained on principal adds $1,775/yr, and 5% annual appreciation accumulates to $75,977 by year five. Five-year ROI measures 104.08% and total cumulative return in cash reaches $94,883. For financing, Ziffy Mortgage’s DSCR program evaluates $1,674/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1993
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98541, Elma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,884 (100%) |
| Owner Occupied HU | 3,333 (68.2%) |
| Renter Occupied HU | 1,067 (21.8%) |
| Vacant Housing Units | 484 ( 9.9%) |
| Median Home Value | $446,082 |
| Average Home Value | $471,424 |
Housing Distribution
Address Breakdown
Residential
3,681
Single Family
3,576
Multi-Family
105
Businesses
258
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Listed by: Laura Mershon • Windermere RE/Himlie
Mls Name: NWMLS
Mls ID: #2446200