409 E Alder AveRitzvilleWA99169
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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 Ritzville at 409 E Alder Ave, Ritzville, WA, 99169 listed at $275,000 pairs $2,156/mo rent with a $1,346/mo payment to leave $503/mo cash flow. Total monthly income runs $2,156/mo, and annual cash flow reaches $6,035/yr on $91,163 cash to close. Return on cash invested measures 26.53% in year one, and rental yield registers 9.41% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 138.1% and total cumulative return in cash totals $125,891. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,156/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99169, Ritzville, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 847 (66.3%) |
| Renter Occupied HU | 288 (22.5%) |
| Vacant Housing Units | 143 (11.2%) |
| Median Home Value | $224,485 |
| Average Home Value | $304,870 |
Housing Distribution
Address Breakdown
Residential
1,003
Single Family
939
Multi-Family
64
Businesses
167
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Listed by: Angela Jackson • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls ID: #202610495