269 Gage BlvdRichlandWA99352
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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 Richland at 269 Gage Blvd, Richland, WA, 99352 uses $115,992 cash to close to unlock $4,491/yr annual cash flow and $374/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $1,713/mo payment keeps the spread at $374/mo. Purchase price stands at $349,900, and rental yield measures 8.5% with $2,478/mo rent. Return on cash invested shows 23.78% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 123.4% and total cumulative return in cash records $143,130. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 1980
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99352, Richland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,894 (100%) |
| Owner Occupied HU | 11,107 (65.7%) |
| Renter Occupied HU | 5,094 (30.2%) |
| Vacant Housing Units | 693 ( 4.1%) |
| Median Home Value | $503,035 |
| Average Home Value | $545,350 |
Housing Distribution
Address Breakdown
Residential
16,134
Single Family
13,792
Multi-Family
2,342
Businesses
1,417
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Listed by: Lance Kenmore • Kenmore Team
Mls Name: PACMLS
Mls ID: #279348