3139 Michigan 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
Investment property for sale in Longview at 3139 Michigan Street, Longview, WA, 98632 offers a 9.07% rental yield on a $295,000 purchase with $2,230/mo rent. Total monthly income registers $2,230/mo, and a $1,444/mo payment leaves $457/mo available for distribution. Annual cash flow reaches $5,479/yr on $97,793 to close, and return on cash invested stands at 25.51% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 132.66% and total cumulative return in cash at $129,734. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,230/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
7,200 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: Jesse Cope • RE/MAX Premier Group
Mls Name: NWMLS
Mls ID: #2463348