524 New Gate DrProsserWA99350
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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 Prosser at 524 New Gate Dr, Prosser, WA, 99350 uses $104,754 cash to close to unlock $8,882/yr annual cash flow and $740/mo monthly cash flow. Total monthly income runs $2,640/mo, and a $1,547/mo payment keeps the spread at $740/mo. Purchase price stands at $316,000, and rental yield measures 10.03% with $2,640/mo rent. Return on cash invested shows 28.39% in year one, and 5% annual appreciation builds toward $87,305 over five years. Five-year ROI reaches 148.1% and total cumulative return in cash records $155,143. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $1,547/mo payment rather than investor’s personal income.
Manufactured
Built in 2008
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99350, Prosser, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,049 (100%) |
| Owner Occupied HU | 3,366 (66.7%) |
| Renter Occupied HU | 1,334 (26.4%) |
| Vacant Housing Units | 349 ( 6.9%) |
| Median Home Value | $416,998 |
| Average Home Value | $494,311 |
Housing Distribution
Address Breakdown
Residential
4,789
Single Family
4,472
Multi-Family
317
Businesses
420
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Listed by: Ananda Maltos • Realty One Group Ignite
Mls Name: PACMLS
Mls ID: #289510