34 N Ginko StreetSoap LakeWA98851
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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 Soap Lake at 34 N Ginko Street, Soap Lake, WA, 98851 generates $2,460/mo in rent and, after a $1,461/mo payment, leaves $666/mo in cash flow. Total monthly income is $2,460/mo, and annual cash flow is $7,988/yr on $98,953 invested. Return on cash invested sits at 27.98% in year one, and rental yield is 9.89% on a $298,500 entry. Equity gained on principal adds $1,926/yr, while 5% annual appreciation builds toward $82,470 over five years. Five-year ROI reaches 145.9% and total cumulative return in cash sums $144,369. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,460/mo property income rather than buyer’s personal income.
Manufactured
Built in 1998
10,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98851, Soap Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,270 (100%) |
| Owner Occupied HU | 1,438 (63.3%) |
| Renter Occupied HU | 606 (26.7%) |
| Vacant Housing Units | 226 ( 10.0%) |
| Median Home Value | $327,536 |
| Average Home Value | $362,531 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
949
Multi-Family
0
Businesses
65
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Listed by: Theresa Bennett Scheib • United Country RE - Patrick RE
Mls Name: NWMLS
Mls ID: #2460508