24 W Tipi CourtElmaWA98541
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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 Elma at 24 W Tipi Court, Elma, WA, 98541 priced at $250,000 converts $2,416/mo rent into $913/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,416/mo, and annual cash flow totals $10,954/yr on $82,875 invested. Return on cash invested prints 33.13% in year one, and rental yield reads 11.6% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 173.49% and total cumulative return in cash sums $143,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,416/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Manufactured
Built in 1990
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98541, Elma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,884 (100%) |
| Owner Occupied HU | 3,333 (68.2%) |
| Renter Occupied HU | 1,067 (21.8%) |
| Vacant Housing Units | 484 ( 9.9%) |
| Median Home Value | $446,082 |
| Average Home Value | $471,424 |
Housing Distribution
Address Breakdown
Residential
3,681
Single Family
3,576
Multi-Family
105
Businesses
258
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Listed by: Lori L. Brady • RE/MAX Top Executives
Mls Name: NWMLS
Mls ID: #2470187