621 S 2nd StreetToledoWA98591
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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 Toledo at 621 S 2nd Street, Toledo, WA, 98591 offers a 4.66% rental yield on a $399,900 purchase with $1,554/mo rent. 22% in year one. Equity gained on principal adds $2,580/yr while 5% annual appreciation supports $110,485 over five years. Portfolio math shows five-year ROI at 61.38% and total cumulative return in cash at $81,368. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,554/mo property income against a $1,957/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98591, Toledo, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,931 (100%) |
| Owner Occupied HU | 1,445 (74.8%) |
| Renter Occupied HU | 311 (16.1%) |
| Vacant Housing Units | 175 ( 9.1%) |
| Median Home Value | $590,054 |
| Average Home Value | $603,114 |
Housing Distribution
Address Breakdown
Residential
1,292
Single Family
1,273
Multi-Family
19
Businesses
117
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Listed by: John J. Novak Jr • Southwest Washington Realty
Mls Name: NWMLS
Mls ID: #2392888