2005 Tibbetts Drive #105LongviewWA98632
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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 Longview at 2005 Tibbetts Drive #105, Longview, WA, 98632 uses $62,156 cash to close to unlock $4,399/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $1,494/mo, and a $918/mo payment keeps the spread at $367/mo. Purchase price stands at $187,500, and rental yield measures 9.56% with $1,494/mo rent. Return on cash invested shows 26.99% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 140.56% and total cumulative return in cash records $87,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,494/mo property income covering a $918/mo payment rather than investor’s personal income.
Condo
Built in 1979
823.28 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
21,479
Single Family
18,095
Multi-Family
3,384
Businesses
1,614
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Listed by: Dean P Gehrman • John L Scott LVW
Mls Name: NWMLS
Mls ID: #2413301