312 W 3rd StreetLindWA99341
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Nearby investment properties with comparable prices
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 Lind at 312 W 3rd Street, Lind, WA, 99341 offers a 10.69% rental yield on a $260,000 purchase with $2,316/mo rent. Total monthly income registers $2,316/mo, and a $1,273/mo payment leaves $753/mo available for distribution. Annual cash flow reaches $9,032/yr on $86,190 to close, and return on cash invested stands at 30.39% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 158.82% and total cumulative return in cash at $136,889. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,316/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99341, Lind, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 343 (100%) |
| Owner Occupied HU | 235 (68.5%) |
| Renter Occupied HU | 62 (18.1%) |
| Vacant Housing Units | 46 (13.4%) |
| Median Home Value | $217,857 |
| Average Home Value | $240,234 |
Housing Distribution
Address Breakdown
Residential
55
Single Family
55
Multi-Family
0
Businesses
29
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Listed by: Lorene Fitterer • Moses Lake Realty Group
Mls Name: NWMLS
Mls ID: #2466561