511 W 1st StreetWatervilleWA98858
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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
Investment property for sale in Waterville at 511 W 1st Street, Waterville, WA, 98858 offers a 9.65% rental yield on a $229,900 purchase with $1,848/mo rent. Total monthly income registers $1,848/mo, and a $1,125/mo payment leaves $466/mo available for distribution. Annual cash flow reaches $5,595/yr on $76,212 to close, and return on cash invested stands at 27.25% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 142.04% and total cumulative return in cash at $108,251. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,848/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1990
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98858, Waterville, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 769 (100%) |
| Owner Occupied HU | 553 (71.9%) |
| Renter Occupied HU | 126 (16.4%) |
| Vacant Housing Units | 90 (11.7%) |
| Median Home Value | $372,642 |
| Average Home Value | $425,402 |
Housing Distribution
Address Breakdown
Residential
116
Single Family
116
Multi-Family
0
Businesses
81
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Listed by: Trevor King • Nick McLean Real Estate Group
Mls Name: NWMLS
Mls ID: #2457313