308 NewellWalla WallaWA99362
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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 Walla Walla at 308 Newell, Walla Walla, WA, 99362 offers $3,038/mo rent that, after a $3,303/mo payment. Total monthly income is $3,038/mo. Return on cash invested measures 14.56% in year one, and rental yield stands at 5.4% at a $674,900 entry. Equity gained on principal adds $4,355/yr while 5% annual appreciation compounds into $186,462 by year five. Five-year ROI records 73.86% and total cumulative return in cash reaches $164,011. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,038/mo property income versus a $3,303/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1906
9,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99362, Walla Walla, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,781 (100%) |
| Owner Occupied HU | 10,838 (61.0%) |
| Renter Occupied HU | 5,653 (31.8%) |
| Vacant Housing Units | 1,290 ( 7.3%) |
| Median Home Value | $447,553 |
| Average Home Value | $489,614 |
Housing Distribution
Address Breakdown
Residential
17,029
Single Family
15,302
Multi-Family
1,727
Businesses
1,765
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Listed by: George P. Hofer • Coldwell Banker Walla Walla
Mls Name: NWMLS
Mls ID: #2434353