314 SW Homestead AvenueCollege PlaceWA99324
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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 College Place at 314 SW Homestead Avenue, College Place, WA, 99324 priced at $347,400 converts $2,402/mo rent into $314/mo cash flow after a $1,700/mo obligation. Total monthly income equals $2,402/mo, and annual cash flow totals $3,769/yr on $115,163 invested. Return on cash invested prints 23.18% in year one, and rental yield reads 8.3% against a $347,400 entry. Equity gained on principal adds $2,242/yr, while 5% annual appreciation compiles into $95,980 by year five. Five-year ROI reaches 120.19% and total cumulative return in cash sums $138,410. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,402/mo property income covering a $1,700/mo payment, not borrower’s personal income.
Single Family
Built in 2010
3,781 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99324, College Place, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,388 (100%) |
| Owner Occupied HU | 2,378 (54.2%) |
| Renter Occupied HU | 1,557 (35.5%) |
| Vacant Housing Units | 453 (10.3%) |
| Median Home Value | $437,500 |
| Average Home Value | $456,674 |
Housing Distribution
Address Breakdown
Residential
4,212
Single Family
4,040
Multi-Family
172
Businesses
236
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Listed by: Phillip Provost • The Provost Team
Mls Name: NWMLS
Mls ID: #2437779