507 Cherokee StRichlandWA99352
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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 Richland at 507 Cherokee St, Richland, WA, 99352 at $435,000 posts ROI 21.55% with $197/mo cash flow from $2,812/mo rent. Total monthly income equals $2,812/mo, and annual cash flow records $2,367/yr on $144,203 to close. Return on cash invested measures 21.55% and rental yield reads 7.76% at the current $435,000. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 by year five. Five-year ROI prints 111.43% and total cumulative return in cash totals $160,680.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,812/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99352, Richland, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,894 (100%) |
| Owner Occupied HU | 11,107 (65.7%) |
| Renter Occupied HU | 5,094 (30.2%) |
| Vacant Housing Units | 693 ( 4.1%) |
| Median Home Value | $503,035 |
| Average Home Value | $545,350 |
Housing Distribution
Address Breakdown
Residential
16,134
Single Family
13,792
Multi-Family
2,342
Businesses
1,417
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Listed by: Shar Snell • Coldwell Banker Tomlinson
Mls Name: PACMLS
Mls ID: #288110