605 Lee AvenueAberdeenWA98520
Nearby investment properties with comparable rents
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
Rental property for sale in Aberdeen at 605 Lee Avenue, Aberdeen, WA, 98520 priced at $425,000 pairs $3,197/mo rent with $642/mo cash flow after a $2,080/mo payment. Total monthly income equals $3,197/mo, and annual cash flow comes to $7,709/yr on $140,888 invested. Return on cash invested is 25.38% in year one, and rental yield stands at 9.03% on a $425,000 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,420 by year five. Five-year ROI measures 131.97% and total cumulative return in cash reaches $185,933. For financing, Ziffy Mortgage’s DSCR program evaluates $3,197/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
8,219 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98520, Aberdeen, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,800 (100%) |
| Owner Occupied HU | 5,757 (58.7%) |
| Renter Occupied HU | 3,108 (31.7%) |
| Vacant Housing Units | 935 ( 9.5%) |
| Median Home Value | $316,172 |
| Average Home Value | $373,273 |
Housing Distribution
Address Breakdown
Residential
8,531
Single Family
7,870
Multi-Family
661
Businesses
873
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Listed by: Mike O'Connor • Windermere RE/Aberdeen
Mls Name: NWMLS
Mls ID: #2392283