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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elma at 615 N 3rd Street, Elma, WA, 98541 at $419,000 posts ROI 17.88% with from $2,333/mo rent. Total monthly income equals $2,333/mo. Return on cash invested measures 17.88% and rental yield reads 6.68% at the current $419,000. Equity gained on principal adds $2,704/yr, and 5% annual appreciation supports $115,762 by year five. Five-year ROI prints 91.87% and total cumulative return in cash totals $127,601. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,333/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2018
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 98541, Elma, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,884 (100%) |
| Owner Occupied HU | 3,333 (68.2%) |
| Renter Occupied HU | 1,067 (21.8%) |
| Vacant Housing Units | 484 ( 9.9%) |
| Median Home Value | $446,082 |
| Average Home Value | $471,424 |
Residential
3,681
Single Family
3,576
Multi-Family
105
Businesses
258
Date | Event | Price |
|---|---|---|
| 2025-03-22 | Listed for sale | $419,000 |
| 2019-01-08 | Sold | $244,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-26 | $4109.80 | 3.15% | $421,905 | N/A |
| 2022-03-26 | $3984.36 | 16.74% | $421,905 | 37.86% |
| 2021-03-26 | $3413.16 | 23.74% | $306,038 | 23.06% |
Listed by: Christopher Pierog • Spivey Realty Group
Mls Name: NWMLS
Mls Provider:
Mls ID: #2348048
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)
