602 18th AvenueLongviewWA98632
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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 Longview at 602 18th Avenue, Longview, WA, 98632 generates $2,150/mo in rent and, after a $1,346/mo payment, leaves $498/mo in cash flow. Total monthly income is $2,150/mo, and annual cash flow is $5,976/yr on $91,129 invested. Return on cash invested sits at 26.47% in year one, and rental yield is 9.39% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 137.82% and total cumulative return in cash sums $125,595. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,150/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98632, Longview, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,067 (100%) |
| Owner Occupied HU | 12,968 (58.8%) |
| Renter Occupied HU | 7,936 (36.0%) |
| Vacant Housing Units | 1,163 ( 5.3%) |
| Median Home Value | $408,275 |
| Average Home Value | $457,038 |
Housing Distribution
Address Breakdown
Residential
21,479
Single Family
18,095
Multi-Family
3,384
Businesses
1,614
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Listed by: Nicole Bernet • John L Scott LVW
Mls Name: NWMLS
Mls ID: #2454053