511 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
Rental property for sale in Richland at 511 Cherokee St, Richland, WA, 99352 priced at $424,900 pairs $2,738/mo rent with $184/mo cash flow after a $2,080/mo payment. Total monthly income equals $2,738/mo, and annual cash flow comes to $2,202/yr on $140,854 invested. Return on cash invested is 21.47% in year one, and rental yield stands at 7.73% on a $424,900 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,392 by year five. Five-year ROI measures 111.01% and total cumulative return in cash reaches $156,357. For financing, Ziffy Mortgage’s DSCR program evaluates $2,738/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
5,662 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: Amy Hubbard • Windermere Group One/Tri-Cities
Mls Name: PACMLS
Mls ID: #288442