26 Palmer AvenueLoomisWA98827
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 Loomis at 26 Palmer Avenue, Loomis, WA, 98827 offers $1,558/mo rent that, after a $881/mo payment, leaves $476/mo cash flow. Total monthly income is $1,558/mo, and annual cash flow is $5,712/yr on $59,670 cash. Return on cash invested measures 29.48% in year one, and rental yield stands at 10.39% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 153.93% and total cumulative return in cash reaches $91,853. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,558/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1902
1,045 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98827, Loomis, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 297 (100%) |
| Owner Occupied HU | 136 (45.8%) |
| Renter Occupied HU | 50 (16.8%) |
| Vacant Housing Units | 111 (37.4%) |
| Median Home Value | $285,000 |
| Average Home Value | $296,507 |
Housing Distribution
Address Breakdown
Residential
130
Single Family
130
Multi-Family
0
Businesses
16
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Listed by: Gerald A. Bradley • Upper Valley Realty LLC
Mls Name: NWMLS
Mls ID: #2424902