515 S 88th AveRidgefieldWA98642
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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 Ridgefield at 515 S 88th Ave, Ridgefield, WA, 98642 offers a 6.25% rental yield on a $697,000 purchase with $3,629/mo rent. 13% in year one. Equity gained on principal adds $4,498/yr while 5% annual appreciation supports $192,568 over five years. Portfolio math shows five-year ROI at 87.66% and total cumulative return in cash at $201,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,629/mo property income against a $3,411/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98642, Ridgefield, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,339 (100%) |
| Owner Occupied HU | 8,840 (78.0%) |
| Renter Occupied HU | 1,988 (17.5%) |
| Vacant Housing Units | 511 ( 4.5%) |
| Median Home Value | $712,963 |
| Average Home Value | $782,774 |
Housing Distribution
Address Breakdown
Residential
10,575
Single Family
10,024
Multi-Family
551
Businesses
419
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Listed by: Cole Jensen • Pulte Homes of Washington
Mls Name: RMLS (OR)
Mls ID: #478793301