2260 Michigan AvenueRaymondWA98577
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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 Raymond at 2260 Michigan Avenue, Raymond, WA, 98577 generates $2,023/mo in rent and, after a $1,125/mo payment, leaves $641/mo in cash flow. Total monthly income is $2,023/mo, and annual cash flow is $7,695/yr on $76,212 invested. Return on cash invested sits at 30.01% in year one, and rental yield is 10.56% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 156.79% and total cumulative return in cash sums $119,495. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,023/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98577, Raymond, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,161 (100%) |
| Owner Occupied HU | 2,220 (70.2%) |
| Renter Occupied HU | 667 (21.1%) |
| Vacant Housing Units | 274 ( 8.7%) |
| Median Home Value | $282,292 |
| Average Home Value | $324,725 |
Housing Distribution
Address Breakdown
Residential
2,680
Single Family
2,496
Multi-Family
184
Businesses
212
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Listed by: Nelia E Woods • WOODS Realty
Mls Name: NWMLS
Mls ID: #2401492