2805 N 2ND WayRidgefieldWA98642
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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 2805 N 2ND Way, Ridgefield, WA, 98642 generates $3,042/mo in rent and, after a $2,078/mo payment, leaves $490/mo in cash flow. Total monthly income is $3,042/mo, and annual cash flow is $5,880/yr on $140,722 invested. Return on cash invested sits at 24.09% in year one, and rental yield is 8.6% on a $424,500 entry. Equity gained on principal adds $2,739/yr, while 5% annual appreciation builds toward $117,282 over five years. Five-year ROI reaches 125.01% and total cumulative return in cash sums $175,912. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,042/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
1,489 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: Amy E Asivido • Keller Williams-Premier Prtnrs
Mls Name: NWMLS
Mls ID: #2418968