303 SE 6th Street SWCollege PlaceWA99324
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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 College Place at 303 SE 6th Street SW, College Place, WA, 99324 generates $2,759/mo in rent and, after a $1,459/mo payment, leaves $967/mo in cash flow. Total monthly income is $2,759/mo, and annual cash flow is $11,607/yr on $98,787 invested. Return on cash invested sits at 31.66% in year one, and rental yield is 11.11% on a $298,000 entry. Equity gained on principal adds $1,923/yr, while 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 165.66% and total cumulative return in cash sums $163,652. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,759/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99324, College Place, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,388 (100%) |
| Owner Occupied HU | 2,378 (54.2%) |
| Renter Occupied HU | 1,557 (35.5%) |
| Vacant Housing Units | 453 (10.3%) |
| Median Home Value | $437,500 |
| Average Home Value | $456,674 |
Housing Distribution
Address Breakdown
Residential
4,212
Single Family
4,040
Multi-Family
172
Businesses
236
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Listed by: Merrikay Locati • Kelly Right RE of Walla Walla
Mls Name: NWMLS
Mls ID: #2411884