211 E 3Rd AvenueOdessaWA99159
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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 Odessa at 211 E 3Rd Avenue, Odessa, WA, 99159 generates $1,627/mo in rent and, after a $958/mo payment, leaves $450/mo in cash flow. Total monthly income is $1,627/mo, and annual cash flow is $5,405/yr on $64,900 invested. Return on cash invested sits at 28.24% in year one, and rental yield is 9.97% on a $195,777 entry. Equity gained on principal adds $1,263/yr, while 5% annual appreciation builds toward $54,090 over five years. Five-year ROI reaches 147.31% and total cumulative return in cash sums $95,606. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,627/mo property income rather than buyer’s personal income.
Single Family
Built in 1936
8,158 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99159, Odessa, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 655 (100%) |
| Owner Occupied HU | 455 (69.5%) |
| Renter Occupied HU | 120 (18.3%) |
| Vacant Housing Units | 80 (12.2%) |
| Median Home Value | $254,808 |
| Average Home Value | $311,308 |
Housing Distribution
Address Breakdown
Residential
228
Single Family
227
Multi-Family
1
Businesses
65
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Listed by: Harold Patterson • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2411858