309 Cullum AveRichlandWA99352
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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 Richland at 309 Cullum Ave, Richland, WA, 99352 offers $1,768/mo rent that, after a $1,694/mo payment. Total monthly income is $1,768/mo. Return on cash invested measures 16.65% in year one, and rental yield stands at 6.13% at a $346,000 entry. Equity gained on principal adds $2,233/yr while 5% annual appreciation compounds into $95,593 by year five. Five-year ROI records 85.15% and total cumulative return in cash reaches $97,662. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,768/mo property income versus a $1,694/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
9,583 sqft lot
$N/A/sqft
No 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: Barbara Raab • HomeSmart Elite Brokers
Mls Name: PACMLS
Mls Provider:
Mls ID: #284110
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.