2363 40th #21LongviewWA98632
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2363 40th #21, Longview, WA, 98632 in Longview speaks for itself: 11.3% gross on a $210,000 price, generating $1,978/mo in rent and $517/mo in net income after the $944/mo debt service. DSCR 2.10, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,207 stacks alongside $58,019 in projected five-year appreciation and $1,934/yr in principal reduction. Projected total cumulative return: $113,683.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 5.8% |
| Monthly Cash Flow | $517 | $420 |
City averages based on Longview market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,978 |
| Total Monthly Debt Service | $1,377 |
| DSCR Ratio | 1.44x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1979
466.09 sqft lot
$N/A/sqft
$198 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1979
466.09 sqft lot
$N/A/sqft
$198 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Scroggins • Coldwell Banker Bain
Mls Name: NWMLS
Mls Provider:
Mls ID: #2371496
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)