307 Baltimore StreetLongviewWA98632
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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 Longview at 307 Baltimore Street, Longview, WA, 98632 priced at $389,900 converts $2,668/mo rent into $325/mo cash flow after a $1,908/mo obligation. Total monthly income equals $2,668/mo, and annual cash flow totals $3,895/yr on $129,252 invested. Return on cash invested prints 22.92% in year one, and rental yield reads 8.21% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 118.77% and total cumulative return in cash sums $153,517. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,668/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 2008
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98632, Longview, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,067 (100%) |
| Owner Occupied HU | 12,968 (58.8%) |
| Renter Occupied HU | 7,936 (36.0%) |
| Vacant Housing Units | 1,163 ( 5.3%) |
| Median Home Value | $408,275 |
| Average Home Value | $457,038 |
Housing Distribution
Address Breakdown
Residential
21,479
Single Family
18,095
Multi-Family
3,384
Businesses
1,614
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Listed by: Chris Roewe • Woodford Commercial RE
Mls Name: NWMLS
Mls ID: #2433690