3720 E Bridges RdElkWA99009
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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 Elk at 3720 E Bridges Rd, Elk, WA, 99009 offers $2,990/mo rent that, after a $3,557/mo payment. Total monthly income is $2,990/mo. Return on cash invested measures 13.14% in year one, and rental yield stands at 4.94% at a $726,800 entry. Equity gained on principal adds $4,690/yr while 5% annual appreciation compounds into $200,801 by year five. Five-year ROI records 66.29% and total cumulative return in cash reaches $158,514. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,990/mo property income versus a $3,557/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
14.30 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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Listed by: N/A • N/A
Mls Name: John L Scott Real Estate
Mls ID: #202517817