303 Gage Blvd APT 311RichlandWA99352
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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 303 Gage Blvd APT 311, Richland, WA, 99352 offers a 9.14% rental yield on a $320,000 purchase with $2,437/mo rent. Total monthly income registers $2,437/mo, and a $1,566/mo payment leaves $219/mo available for distribution. Annual cash flow reaches $2,624/yr on $106,080 to close, and return on cash invested stands at 22.38% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 117.1% and total cumulative return in cash at $124,215. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,437/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
$295 monthly 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: Emily Bailey • RE/MAX Northwest REALTORS
Mls Name: PACMLS
Mls Provider:
Mls ID: #282745
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.