318 E Shore RdNine Mile FallsWA99026
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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 Nine Mile Falls at 318 E Shore Rd, Nine Mile Falls, WA, 99026 priced at $799,000 converts $3,420/mo rent into after a $3,911/mo obligation. Total monthly income equals $3,420/mo. Return on cash invested prints 13.75% in year one, and rental yield reads 5.14% against a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation compiles into $220,749 by year five. Five-year ROI reaches 69.53% and total cumulative return in cash sums $182,766. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,420/mo property income covering a $3,911/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99026, Nine Mile Falls, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 3,595 (89.9%) |
| Renter Occupied HU | 266 ( 6.6%) |
| Vacant Housing Units | 140 ( 3.5%) |
| Median Home Value | $530,482 |
| Average Home Value | $568,047 |
Housing Distribution
Address Breakdown
Residential
3,663
Single Family
3,663
Multi-Family
0
Businesses
147
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Listed by: Kevin Appleton • Source Real Estate
Mls Name: SMLS
Mls ID: #202611271