222 Armistead AveRichlandWA99352
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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 Richland at 222 Armistead Ave, Richland, WA, 99352 uses $142,545 cash to close to unlock $1,210/yr annual cash flow and $101/mo monthly cash flow. Total monthly income runs $2,686/mo, and a $2,105/mo payment keeps the spread at $101/mo. Purchase price stands at $430,000, and rental yield measures 7.5% with $2,686/mo rent. Return on cash invested shows 20.76% in year one, and 5% annual appreciation builds toward $118,801 over five years. Five-year ROI reaches 107.15% and total cumulative return in cash records $152,739. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,686/mo property income covering a $2,105/mo payment rather than investor’s personal income.
Single Family
Built in 1944
9,544 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99352, Richland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,894 (100%) |
| Owner Occupied HU | 11,107 (65.7%) |
| Renter Occupied HU | 5,094 (30.2%) |
| Vacant Housing Units | 693 ( 4.1%) |
| Median Home Value | $503,035 |
| Average Home Value | $545,350 |
Housing Distribution
Address Breakdown
Residential
16,134
Single Family
13,792
Multi-Family
2,342
Businesses
1,417
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Listed by: Jade Alvarado • ERA Skyview Realty
Mls Name: PACMLS
Mls Provider:
Mls ID: #283697
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.