423 E Spruce AveMontesanoWA98563
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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 Montesano at 423 E Spruce Ave, Montesano, WA, 98563 priced at $309,332 converts $2,406/mo rent into $532/mo cash flow after a $1,514/mo obligation. Total monthly income equals $2,406/mo, and annual cash flow totals $6,380/yr on $102,544 invested. Return on cash invested prints 26.13% in year one, and rental yield reads 9.33% against a $309,332 entry. Equity gained on principal adds $1,996/yr, while 5% annual appreciation compiles into $85,463 by year five. Five-year ROI reaches 136.04% and total cumulative return in cash sums $139,502. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,406/mo property income covering a $1,514/mo payment, not borrower’s personal income.
Single Family
Built in 1906
9,782 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98563, Montesano, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,747 (100%) |
| Owner Occupied HU | 2,711 (72.4%) |
| Renter Occupied HU | 770 (20.5%) |
| Vacant Housing Units | 266 ( 7.1%) |
| Median Home Value | $428,081 |
| Average Home Value | $456,402 |
Housing Distribution
Address Breakdown
Residential
3,408
Single Family
3,350
Multi-Family
58
Businesses
278
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