215 N 56th Ave APT 5YakimaWA98908
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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 Yakima at 215 N 56th Ave APT 5, Yakima, WA, 98908 offers a 8.08% rental yield on a $327,500 purchase with $2,206/mo rent. Total monthly income registers $2,206/mo, and a $1,603/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,847/yr on $108,566 to close, and return on cash invested stands at 22.53% in year one. Equity gained on principal adds $2,113/yr while 5% annual appreciation supports $90,482 over five years. Portfolio math shows five-year ROI at 116.69% and total cumulative return in cash at $126,690. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,206/mo property income against a $1,603/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98908, Yakima, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,296 (100%) |
| Owner Occupied HU | 11,136 (68.3%) |
| Renter Occupied HU | 4,562 (28.0%) |
| Vacant Housing Units | 598 ( 3.7%) |
| Median Home Value | $442,459 |
| Average Home Value | $482,566 |
Housing Distribution
Address Breakdown
Residential
16,263
Single Family
15,319
Multi-Family
944
Businesses
615
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Listed by: Mike Gibbons • Coldwell Banker Cascade Real Estate
Mls Name: YARMLS
Mls ID: #26-139