251 N Green Gables LoopRidgefieldWA98642
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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 Ridgefield at 251 N Green Gables Loop, Ridgefield, WA, 98642 priced at $509,900 converts $3,235/mo rent into $170/mo cash flow after a $2,496/mo obligation. Total monthly income equals $3,235/mo, and annual cash flow totals $2,035/yr on $167,757 invested. Return on cash invested prints 21.27% in year one, and rental yield reads 7.61% against a $509,900 entry. Equity gained on principal adds $3,290/yr, while 5% annual appreciation compiles into $140,876 by year five. Five-year ROI reaches 109.89% and total cumulative return in cash sums $184,352. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,235/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 2014
5,427 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98642, Ridgefield, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,339 (100%) |
| Owner Occupied HU | 8,840 (78.0%) |
| Renter Occupied HU | 1,988 (17.5%) |
| Vacant Housing Units | 511 ( 4.5%) |
| Median Home Value | $712,963 |
| Average Home Value | $782,774 |
Housing Distribution
Address Breakdown
Residential
10,575
Single Family
10,024
Multi-Family
551
Businesses
419
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Listed by: Desiree Lorentz • John L. Scott, Inc. Vancouver
Mls Name: NWMLS
Mls ID: #2439617