311 Wabash PlaceGranite FallsWA98252
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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 Granite Falls at 311 Wabash Place, Granite Falls, WA, 98252 generates $3,215/mo in rent and, after a $2,476/mo payment, leaves $174/mo in cash flow. Total monthly income is $3,215/mo, and annual cash flow is $2,088/yr on $166,465 invested. Return on cash invested sits at 21.31% in year one, and rental yield is 7.62% on a $505,973 entry. Equity gained on principal adds $3,265/yr, while 5% annual appreciation builds toward $139,791 over five years. Five-year ROI reaches 110.11% and total cumulative return in cash sums $183,287. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,215/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98252, Granite Falls, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,476 (100%) |
| Owner Occupied HU | 3,363 (75.1%) |
| Renter Occupied HU | 781 (17.4%) |
| Vacant Housing Units | 332 ( 7.4%) |
| Median Home Value | $782,908 |
| Average Home Value | $770,348 |
Housing Distribution
Address Breakdown
Residential
3,651
Single Family
3,544
Multi-Family
107
Businesses
169
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Listed by: Tracey Derkowski • Latham Realty Unlimited Inc
Mls Name: NWMLS
Mls ID: #2420189