615 Oakland AvenueCentraliaWA98531
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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 Centralia at 615 Oakland Avenue, Centralia, WA, 98531 uses $140,888 cash to close to unlock $41/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $2,558/mo, and a $2,080/mo payment keeps the spread at $3/mo. Purchase price stands at $425,000, and rental yield measures 7.22% with $2,558/mo rent. Return on cash invested shows 19.94% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 102.77% and total cumulative return in cash records $144,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,558/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98531, Centralia, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,057 (100%) |
| Owner Occupied HU | 6,565 (59.4%) |
| Renter Occupied HU | 3,939 (35.6%) |
| Vacant Housing Units | 553 ( 5.0%) |
| Median Home Value | $437,223 |
| Average Home Value | $476,127 |
Housing Distribution
Address Breakdown
Residential
10,504
Single Family
9,930
Multi-Family
574
Businesses
1,024
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Listed by: Kimberly Marie Witham • Olympic Sotheby's Int'l Realty
Mls Name: NWMLS
Mls ID: #2446579