608 NE 2nd StreetWinlockWA98596
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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 Winlock at 608 NE 2nd Street, Winlock, WA, 98596 offers a 7.39% rental yield on a $341,950 purchase with $2,106/mo rent. Total monthly income registers $2,106/mo, and a $1,674/mo payment leaves $50/mo available for distribution. Annual cash flow reaches $602/yr on $113,356 to close, and return on cash invested stands at 20.44% in year one. Equity gained on principal adds $2,207/yr while 5% annual appreciation supports $94,474 over five years. Portfolio math shows five-year ROI at 105.5% and total cumulative return in cash at $119,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,106/mo property income against a $1,674/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98596, Winlock, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,082 (100%) |
| Owner Occupied HU | 2,414 (78.3%) |
| Renter Occupied HU | 506 (16.4%) |
| Vacant Housing Units | 162 ( 5.3%) |
| Median Home Value | $517,834 |
| Average Home Value | $594,268 |
Housing Distribution
Address Breakdown
Residential
2,711
Single Family
2,688
Multi-Family
23
Businesses
102
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Listed by: Paul Coleman • Terrafin
Mls Name: NWMLS
Mls ID: #2427019