525 E Summit AveReardanWA99029
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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 Reardan at 525 E Summit Ave, Reardan, WA, 99029 priced at $439,999 converts $2,240/mo rent into after a $2,154/mo obligation. Total monthly income equals $2,240/mo. Return on cash invested prints 16.57% in year one, and rental yield reads 6.11% against a $439,999 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,564 by year five. Five-year ROI reaches 84.73% and total cumulative return in cash sums $123,586. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,240/mo property income covering a $2,154/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99029, Reardan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 535 (100%) |
| Owner Occupied HU | 406 (75.9%) |
| Renter Occupied HU | 90 (16.8%) |
| Vacant Housing Units | 39 ( 7.3%) |
| Median Home Value | $359,524 |
| Average Home Value | $430,727 |
Housing Distribution
Address Breakdown
Residential
296
Single Family
296
Multi-Family
0
Businesses
48
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Listed by: Seth Maefsky • Keller Williams Realty Coeur d
Mls Name: SMLS
Mls Provider:
Mls ID: #202513818
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.