2900 Wheeler AvenueTokelandWA98590
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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 Tokeland at 2900 Wheeler Avenue, Tokeland, WA, 98590 generates $2,293/mo in rent, after a $3,886/mo payment. Total monthly income is $2,293/mo. Return on cash invested sits at 8.67% in year one, and rental yield is 3.47% on a $794,000 entry. Equity gained on principal adds $5,124/yr, while 5% annual appreciation builds toward $219,368 over five years. Five-year ROI reaches 42.3% and total cumulative return in cash sums $110,504. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,293/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
2.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98590, Tokeland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 369 (100%) |
| Owner Occupied HU | 161 (43.6%) |
| Renter Occupied HU | 40 (10.8%) |
| Vacant Housing Units | 168 (45.5%) |
| Median Home Value | $302,941 |
| Average Home Value | $399,503 |
Housing Distribution
Address Breakdown
Residential
73
Single Family
73
Multi-Family
0
Businesses
25
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Listed by: Lacey Bishop • Riley Jackson Real Estate Inc.
Mls Name: NWMLS
Mls ID: #2430209