2005 Tibbetts Drive #303LongviewWA98632
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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 #303, Longview, WA, 98632 uses $66,267 cash to close to unlock $3,837/yr annual cash flow and $320/mo monthly cash flow. Total monthly income runs $1,521/mo, and a $978/mo payment keeps the spread at $320/mo. Purchase price stands at $199,900, and rental yield measures 9.13% with $1,521/mo rent. Return on cash invested shows 25.7% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 133.64% and total cumulative return in cash records $88,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,521/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 1979
1,167 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: Deborah A. Trull • Realty West
Mls Name: NWMLS
Mls ID: #2370477