6311 S Saddle Ridge RdGreenacresWA99016
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 Greenacres at 6311 S Saddle Ridge Rd, Greenacres, WA, 99016 generates $5,620/mo in rent and, after a $4,405/mo payment, leaves $210/mo in cash flow. Total monthly income is $5,620/mo, and annual cash flow is $2,520/yr on $296,100 invested. Return on cash invested sits at 20.91% in year one, and rental yield is 7.49% on a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 107.94% and total cumulative return in cash sums $319,608. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,620/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
8.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99016, Greenacres, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,721 (100%) |
| Owner Occupied HU | 5,432 (70.4%) |
| Renter Occupied HU | 2,001 (25.9%) |
| Vacant Housing Units | 288 ( 3.7%) |
| Median Home Value | $540,005 |
| Average Home Value | $599,307 |
Housing Distribution
Address Breakdown
Residential
8,112
Single Family
7,895
Multi-Family
217
Businesses
233
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Listed by: John Guarisco • Windermere Valley
Mls Name: SMLS
Mls ID: #202526197