238 6th Ave SESoap LakeWA98851
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
Investment Highlights
Investment property for sale in Soap Lake at 238 6th Ave SE, Soap Lake, WA, 98851 at $349,000 posts ROI 20.66% with $72/mo cash flow from $2,170/mo rent. Total monthly income equals $2,170/mo, and annual cash flow records $867/yr on $115,694 to close. Return on cash invested measures 20.66% and rental yield reads 7.46% at the current $349,000. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 by year five. Five-year ROI prints 106.66% and total cumulative return in cash totals $123,396.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,170/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1958
9,374 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98851, Soap Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,270 (100%) |
| Owner Occupied HU | 1,438 (63.3%) |
| Renter Occupied HU | 606 (26.7%) |
| Vacant Housing Units | 226 ( 10.0%) |
| Median Home Value | $327,536 |
| Average Home Value | $362,531 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
949
Multi-Family
0
Businesses
65
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Nearby investment properties with comparable prices
Listed by: Tami Canfield • Coldwell Banker Tomlinson R&H
Mls Name: NWMLS
Mls ID: #2452992