381 Wright Ave, Richland, WA, 99352 | $692/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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381 Wright Ave, Richland, WA, 99352 | $692/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Richland at 381 Wright Ave, Richland, WA, 99352 with 5% annual appreciation on a $300,000 basis while $2,495/mo rent supports operations. Total monthly income totals $2,495/mo and a $1,468/mo payment preserves $692/mo for cash returns. Annual cash flow comes to $8,304/yr on $99,450 deployed, and return on cash invested reaches 28.26% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 9.98%. Five-year ROI measures 147.37% and total cumulative return in cash totals $146,556.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,495/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1952

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome Home! This charming 3 bedroom, 1 bathroom rambler is located in the heart of Richland, just minutes from some of the areas most loved amenities. Youre close to shopping, restaurants, the bypass highway, parks, the river, and fantastic walking paths that make this location one of the most convenient spots in town. Step inside and youll find a home with great bones and tons of potential. Theres a spacious living room with a large stone fireplace, built-ins, and natural light. The kitchen has a classic layout thats ready for your personal touch. All three bedrooms offer comfortable space, and the bathroom has already been updated with a newer shower surround and modern finishes. Outside youll enjoy a generous backyard, mature landscaping, and a covered patio which is great for relaxing, grilling, or creating the outdoor space youve always wanted. With a few thoughtful updates like new flooring, fresh paint, or modern fixtures, this home can easily transform into your perfect Richland retreat. Whether you're a first-time buyer, investor, or someone who loves bringing new life into a home, this one is full of opportunity. This one wont last! Truly a Must See! Contact Your Favorite Realtor TODAY! For a Private Showing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 99352, Richland, WA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,894 (100%)
Owner Occupied HU	11,107 (65.7%)
Renter Occupied HU	5,094 (30.2%)
Vacant Housing Units	693 ( 4.1%)
Median Home Value	$503,035
Average Home Value	$545,350