315942 N Highway 2ElkWA99009
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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 Elk at 315942 N Highway 2, Elk, WA, 99009 earns from $2,462/mo rent with a $4,527/mo payment. Total monthly income totals $2,462/mo. ROI tracks 7.84% on current figures, and rental yield reads 3.19% at a $925,000 purchase. Equity gained on principal adds $5,969/yr, and 5% annual appreciation supports $255,560 over five years. Five-year ROI reaches 37.89% and total cumulative return in cash sums $115,297. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,462/mo property income instead of your personal income.
Single Family
Built in 1992
18.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99009, Elk, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,525 (82.9%) |
| Renter Occupied HU | 182 ( 9.9%) |
| Vacant Housing Units | 132 ( 7.2%) |
| Median Home Value | $425,207 |
| Average Home Value | $452,974 |
Housing Distribution
Address Breakdown
Residential
1,416
Single Family
1,416
Multi-Family
0
Businesses
88
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Nearby investment properties with comparable prices
Listed by: Anna Anderson • John L Scott, Inc.
Mls Name: SMLS
Mls ID: #202611066