213 W Kelso AvenueElectric CityWA99123
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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
Investment property for sale in Electric City at 213 W Kelso Avenue, Electric City, WA, 99123 offers a 10.01% rental yield on a $219,900 purchase with $1,835/mo rent. Total monthly income registers $1,835/mo, and a $1,076/mo payment leaves $513/mo available for distribution. Annual cash flow reaches $6,161/yr on $72,897 to close, and return on cash invested stands at 28.36% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 147.96% and total cumulative return in cash at $107,860. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,835/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99123, Electric City, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 481 (100%) |
| Owner Occupied HU | 328 (68.2%) |
| Renter Occupied HU | 93 (19.3%) |
| Vacant Housing Units | 60 (12.5%) |
| Median Home Value | $422,759 |
| Average Home Value | $410,419 |
Housing Distribution
Address Breakdown
Residential
51
Single Family
51
Multi-Family
0
Businesses
28
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Listed by: Greg Fredericksen • Integris Real Estate
Mls Name: NWMLS
Mls ID: #2420178