2620 S Bolivar RdVeradaleWA99037
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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 Veradale at 2620 S Bolivar Rd, Veradale, WA, 99037 uses $162,435 cash to close to unlock $2,794/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $3,178/mo, and a $2,398/mo payment keeps the spread at $233/mo. Purchase price stands at $490,000, and rental yield measures 7.78% with $3,178/mo rent. Return on cash invested shows 21.63% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 111.83% and total cumulative return in cash records $181,644. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,178/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1990
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99037, Veradale, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,321 (100%) |
| Owner Occupied HU | 4,125 (56.3%) |
| Renter Occupied HU | 2,982 (40.7%) |
| Vacant Housing Units | 214 ( 2.9%) |
| Median Home Value | $526,688 |
| Average Home Value | $563,407 |
Housing Distribution
Address Breakdown
Residential
6,914
Single Family
5,618
Multi-Family
1,296
Businesses
565
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Listed by: Cindy Carrigan • REAL Broker LLC
Mls Name: SMLS
Mls ID: #202610790