407 Steptoe StColtonWA99113
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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
Investment property for sale in Colton at 407 Steptoe St, Colton, WA, 99113 offers a 0% rental yield on a $449,000 purchase with $0/mo rent. 85% in year one. Equity gained on principal adds $2,897/yr while 5% annual appreciation supports $124,050 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $2,198/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99113, Colton, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 379 (100%) |
| Owner Occupied HU | 307 (81.0%) |
| Renter Occupied HU | 63 (16.6%) |
| Vacant Housing Units | 9 ( 2.4%) |
| Median Home Value | $522,436 |
| Average Home Value | $590,529 |
Housing Distribution
Address Breakdown
Residential
175
Single Family
175
Multi-Family
0
Businesses
25
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No similar rental properties found nearby.
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Listed by: Mick Nazerali • Coldwell Banker Tomlinson Associates
Mls Name: PACMLS
Mls Provider:
Mls ID: #284309
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.