31900 Phillips Ln EDavenportWA99122
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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 Davenport at 31900 Phillips Ln E, Davenport, WA, 99122 generates $1,014/mo in rent, after a $2,325/mo payment. Total monthly income is $1,014/mo. Return on cash invested sits at 5.88% in year one, and rental yield is 2.56% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 27.36% and total cumulative return in cash sums $43,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,014/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99122, Davenport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,353 (100%) |
| Owner Occupied HU | 1,394 (59.2%) |
| Renter Occupied HU | 315 (13.4%) |
| Vacant Housing Units | 644 (27.4%) |
| Median Home Value | $365,152 |
| Average Home Value | $409,127 |
Housing Distribution
Address Breakdown
Residential
1,536
Single Family
1,516
Multi-Family
20
Businesses
169
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Listed by: Eric Peterson • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202526172