306 E 7th AveRitzvilleWA99169
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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 Ritzville at 306 E 7th Ave, Ritzville, WA, 99169 uses $94,047 cash to close to unlock $15,506/yr annual cash flow and $1,292/mo monthly cash flow. Total monthly income runs $2,998/mo, and a $1,389/mo payment keeps the spread at $1,292/mo. Purchase price stands at $283,700, and rental yield measures 12.68% with $2,998/mo rent. Return on cash invested shows 36.4% in year one, and 5% annual appreciation builds toward $78,381 over five years. Five-year ROI reaches 191.07% and total cumulative return in cash records $179,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,998/mo property income covering a $1,389/mo payment rather than investor’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99169, Ritzville, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 847 (66.3%) |
| Renter Occupied HU | 288 (22.5%) |
| Vacant Housing Units | 143 (11.2%) |
| Median Home Value | $224,485 |
| Average Home Value | $304,870 |
Housing Distribution
Address Breakdown
Residential
1,003
Single Family
939
Multi-Family
64
Businesses
167
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