233 Concord PlaceLongviewWA98632
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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 Longview at 233 Concord Place, Longview, WA, 98632 priced at $199,900 converts $1,606/mo rent into $405/mo cash flow after a $978/mo obligation. Total monthly income equals $1,606/mo, and annual cash flow totals $4,857/yr on $66,267 invested. Return on cash invested prints 27.24% in year one, and rental yield reads 9.64% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 141.92% and total cumulative return in cash sums $94,045. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,606/mo property income covering a $978/mo payment, not borrower’s personal income.
Manufactured
Built in 2005
6,085 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98632, Longview, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,067 (100%) |
| Owner Occupied HU | 12,968 (58.8%) |
| Renter Occupied HU | 7,936 (36.0%) |
| Vacant Housing Units | 1,163 ( 5.3%) |
| Median Home Value | $408,275 |
| Average Home Value | $457,038 |
Housing Distribution
Address Breakdown
Residential
21,479
Single Family
18,095
Multi-Family
3,384
Businesses
1,614
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Listed by: Sarah DaSilva • Windermere Northwest Living
Mls Name: NWMLS
Mls ID: #2439731