215 North AvenueKelsoWA98626
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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 Kelso at 215 North Avenue, Kelso, WA, 98626 priced at $461,000 converts $1,398/mo rent into after a $2,256/mo obligation. Total monthly income equals $1,398/mo. Return on cash invested prints 9.13% in year one, and rental yield reads 3.64% against a $461,000 entry. Equity gained on principal adds $2,975/yr, while 5% annual appreciation compiles into $127,366 by year five. Five-year ROI reaches 44.82% and total cumulative return in cash sums $68,499. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,398/mo property income covering a $2,256/mo payment, not borrower’s personal income.
Manufactured
Built in 1980
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98626, Kelso, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,729 (100%) |
| Owner Occupied HU | 7,126 (66.4%) |
| Renter Occupied HU | 3,180 (29.6%) |
| Vacant Housing Units | 423 ( 3.9%) |
| Median Home Value | $402,706 |
| Average Home Value | $436,798 |
Housing Distribution
Address Breakdown
Residential
10,343
Single Family
9,456
Multi-Family
887
Businesses
596
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Listed by: Melissa Erickson • Windermere Northwest Living
Mls Name: NWMLS
Mls ID: #2467266