2516 S Colorado St LOT 4KennewickWA99338
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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
Investment property for sale in Kennewick at 2516 S Colorado St LOT 4, Kennewick, WA, 99338 listed at $433,990 pairs $2,539/mo rent with a $2,124/mo payment. Total monthly income runs $2,539/mo. Return on cash invested measures 19.06% in year one, and rental yield registers 7.02% at a $433,990 basis. Equity gained on principal adds $2,800/yr, and annual property appreciation at 5% supports $119,903 by year five. Five-year ROI tracks 98.14% and total cumulative return in cash totals $141,187. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,539/mo property income relative to a $2,124/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.26 Acres lot
$N/A/sqft
$98 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99338, Kennewick, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,724 (100%) |
| Owner Occupied HU | 6,350 (82.2%) |
| Renter Occupied HU | 1,111 (14.4%) |
| Vacant Housing Units | 263 ( 3.4%) |
| Median Home Value | $584,005 |
| Average Home Value | $616,046 |
Housing Distribution
Address Breakdown
Residential
7,826
Single Family
7,260
Multi-Family
566
Businesses
203
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Listed by: Ashley Myers • New Home Star Washington, LLC.
Mls Name: PACMLS
Mls Provider:
Mls ID: #277824
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.