238 NE Damson PlaceCollege PlaceWA99324
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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 College Place at 238 NE Damson Place, College Place, WA, 99324 offers $1,441/mo rent that, after a $2,888/mo payment. Total monthly income is $1,441/mo. Return on cash invested measures 7.04% in year one, and rental yield stands at 2.93% at a $590,000 entry. Equity gained on principal adds $3,807/yr while 5% annual appreciation compounds into $163,006 by year five. Five-year ROI records 33.6% and total cumulative return in cash reaches $65,212. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,441/mo property income versus a $2,888/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1984
9,835 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99324, College Place, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,388 (100%) |
| Owner Occupied HU | 2,378 (54.2%) |
| Renter Occupied HU | 1,557 (35.5%) |
| Vacant Housing Units | 453 (10.3%) |
| Median Home Value | $437,500 |
| Average Home Value | $456,674 |
Housing Distribution
Address Breakdown
Residential
4,212
Single Family
4,040
Multi-Family
172
Businesses
236
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Listed by: Austin Hellickson • LPT Realty LLC
Mls Name: NWMLS
Mls ID: #2393292