702 E Southview AveColfaxWA99111
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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
Total monthly income runs $2,252/mo, and a $1,904/mo payment. Purchase price stands at $389,000, and rental yield measures 6.95% with $2,252/mo rent. Return on cash invested shows 19.11% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 98.3% and total cumulative return in cash records $126,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,252/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99111, Colfax, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,244 (62.0%) |
| Renter Occupied HU | 599 (29.8%) |
| Vacant Housing Units | 164 ( 8.2%) |
| Median Home Value | $297,552 |
| Average Home Value | $368,139 |
Housing Distribution
Address Breakdown
Residential
1,805
Single Family
1,639
Multi-Family
166
Businesses
249
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Listed by: Tyler Stevenson • Woodbridge Real Estate
Mls Name: PACMLS
Mls ID: #287946