2981 Redrock Ridge LoopRichlandWA99352
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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 2981 Redrock Ridge Loop, Richland, WA, 99352 listed at $474,900 pairs $3,175/mo rent with a $2,324/mo payment to leave $321/mo cash flow. Total monthly income runs $3,175/mo, and annual cash flow reaches $3,848/yr on $157,429 cash to close. Return on cash invested measures 22.35% in year one, and rental yield registers 8.02% at a $474,900 basis. Equity gained on principal adds $3,064/yr, and annual property appreciation at 5% supports $131,206 by year five. Five-year ROI tracks 115.71% and total cumulative return in cash totals $182,159. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,175/mo property income relative to a $2,324/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
10,454 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: Alex Burden • Kenmore Team
Mls Name: PACMLS
Mls ID: #289449