428 Hammond LaneRock IslandWA98850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rock Island at 428 Hammond Lane, Rock Island, WA, 98850 priced at $545,000 converts $3,286/mo rent into after a $2,668/mo obligation. Total monthly income equals $3,286/mo. Return on cash invested prints 19.76% in year one, and rental yield reads 7.24% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 101.89% and total cumulative return in cash sums $182,700. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,286/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Single Family
Built in 2021
6,969 sqft lot
$N/A/sqft
$55 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98850, Rock Island, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 903 (100%) |
| Owner Occupied HU | 574 (63.6%) |
| Renter Occupied HU | 201 (22.3%) |
| Vacant Housing Units | 128 (14.2%) |
| Median Home Value | $424,490 |
| Average Home Value | $478,580 |
Housing Distribution
Address Breakdown
Residential
581
Single Family
581
Multi-Family
0
Businesses
34
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Nearby investment properties with comparable prices
Listed by: Lorre A. Stimac • Premier One Properties
Mls Name: NWMLS
Mls Provider:
Mls ID: #2426368
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 02:44:01 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)