244 Niemi RoadLongviewWA98632
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
Rental property for sale in Longview at 244 Niemi Road, Longview, WA, 98632 priced at $489,000 pairs $3,007/mo rent with $68/mo cash flow after a $2,393/mo payment. Total monthly income equals $3,007/mo, and annual cash flow comes to $815/yr on $162,104 invested. Return on cash invested is 20.41% in year one, and rental yield stands at 7.38% on a $489,000 basis. Equity gained on principal adds $3,155/yr, and 5% annual appreciation accumulates to $135,102 by year five. Five-year ROI measures 105.29% and total cumulative return in cash reaches $170,686. For financing, Ziffy Mortgage’s DSCR program evaluates $3,007/mo property income against a $2,393/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
1.68 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: McKenzie Pitts • On Point Real Estate
Mls Name: NWMLS
Mls ID: #2416036