203 N 40th AveRidgefieldWA98642
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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
Rental property for sale in Ridgefield at 203 N 40th Ave, Ridgefield, WA, 98642 generates $3,709/mo in rent, after a $3,059/mo payment. Total monthly income is $3,709/mo. Return on cash invested sits at 19.78% in year one, and rental yield is 7.12% on a $624,900 entry. Equity gained on principal adds $4,032/yr, while 5% annual appreciation builds toward $172,648 over five years. Five-year ROI reaches 101.9% and total cumulative return in cash sums $209,501. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,709/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98642, Ridgefield, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,339 (100%) |
| Owner Occupied HU | 8,840 (78.0%) |
| Renter Occupied HU | 1,988 (17.5%) |
| Vacant Housing Units | 511 ( 4.5%) |
| Median Home Value | $712,963 |
| Average Home Value | $782,774 |
Housing Distribution
Address Breakdown
Residential
10,575
Single Family
10,024
Multi-Family
551
Businesses
419
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Listed by: Kale Dunning • Windermere Northwest Living
Mls Name: RMLS (OR)
Mls ID: #568930491