608 H Street SEQuincyWA98848
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 Quincy at 608 H Street SE, Quincy, WA, 98848 priced at $448,000 converts $3,055/mo rent into $362/mo cash flow after a $2,193/mo obligation. Total monthly income equals $3,055/mo, and annual cash flow totals $4,341/yr on $148,512 invested. Return on cash invested prints 22.83% in year one, and rental yield reads 8.18% against a $448,000 entry. Equity gained on principal adds $2,891/yr, while 5% annual appreciation compiles into $123,774 by year five. Five-year ROI reaches 118.29% and total cumulative return in cash sums $175,670. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,055/mo property income covering a $2,193/mo payment, not borrower’s personal income.
Single Family
Built in 1963
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98848, Quincy, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,008 (100%) |
| Owner Occupied HU | 2,851 (47.5%) |
| Renter Occupied HU | 1,694 (28.2%) |
| Vacant Housing Units | 1,463 (24.4%) |
| Median Home Value | $405,599 |
| Average Home Value | $478,187 |
Housing Distribution
Address Breakdown
Residential
4,810
Single Family
4,790
Multi-Family
20
Businesses
391
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Listed by: Debra Adams • WindermereRE/Central Basin LLC
Mls Name: NWMLS
Mls ID: #2456804