320 W Canyon Lakes DrKennewickWA99337
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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 Kennewick at 320 W Canyon Lakes Dr, Kennewick, WA, 99337 offers $2,626/mo rent that, after a $2,031/mo payment, leaves $132/mo cash flow. Total monthly income is $2,626/mo, and annual cash flow is $1,579/yr on $137,573 cash. Return on cash invested measures 21.06% in year one, and rental yield stands at 7.59% at a $415,000 entry. Equity gained on principal adds $2,678/yr while 5% annual appreciation compounds into $114,657 by year five. Five-year ROI records 108.76% and total cumulative return in cash reaches $149,625. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,626/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
7,766 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99337, Kennewick, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,773 (100%) |
| Owner Occupied HU | 10,330 (80.9%) |
| Renter Occupied HU | 2,031 (15.9%) |
| Vacant Housing Units | 412 ( 3.2%) |
| Median Home Value | $449,495 |
| Average Home Value | $477,667 |
Housing Distribution
Address Breakdown
Residential
12,081
Single Family
11,956
Multi-Family
125
Businesses
152
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Listed by: Fred Lutes • HomeSmart Elite Brokers
Mls Name: PACMLS
Mls ID: #289986