420 S Quincy St APT MKennewickWA99336
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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 Kennewick at 420 S Quincy St APT M, Kennewick, WA, 99336 priced at $140,000 converts $1,125/mo rent into $284/mo cash flow after a $685/mo obligation. Total monthly income equals $1,125/mo, and annual cash flow totals $3,404/yr on $46,410 invested. Return on cash invested prints 27.24% in year one, and rental yield reads 9.64% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 141.95% and total cumulative return in cash sums $65,878. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,125/mo property income covering a $685/mo payment, not borrower’s personal income.
Condo
Built in 1976
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99336, Kennewick, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,674 (100%) |
| Owner Occupied HU | 10,165 (49.2%) |
| Renter Occupied HU | 9,408 (45.5%) |
| Vacant Housing Units | 1,101 ( 5.3%) |
| Median Home Value | $372,120 |
| Average Home Value | $430,470 |
Housing Distribution
Address Breakdown
Residential
19,890
Single Family
15,485
Multi-Family
4,405
Businesses
2,512
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Listed by: Lars Olsen • RE/MAX Northwest REALTORS
Mls Name: PACMLS
Mls ID: #289768