7026 S Ridge WayRidgefieldWA98642
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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
Rental property for sale in Ridgefield at 7026 S Ridge Way, Ridgefield, WA, 98642 priced at $436,000 converts $2,906/mo rent into $245/mo cash flow after a $2,134/mo obligation. Total monthly income equals $2,906/mo, and annual cash flow totals $2,942/yr on $144,534 invested. Return on cash invested prints 21.94% in year one, and rental yield reads 8% against a $436,000 entry. Equity gained on principal adds $2,813/yr, while 5% annual appreciation compiles into $120,459 by year five. Five-year ROI reaches 113.67% and total cumulative return in cash sums $164,294. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,906/mo property income covering a $2,134/mo payment, not borrower’s personal income.
Single Family
Built in 2020
2,000 sqft lot
$N/A/sqft
$40 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98642, Ridgefield, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,339 (100%) |
| Owner Occupied HU | 8,840 (78.0%) |
| Renter Occupied HU | 1,988 (17.5%) |
| Vacant Housing Units | 511 ( 4.5%) |
| Median Home Value | $712,963 |
| Average Home Value | $782,774 |
Housing Distribution
Address Breakdown
Residential
10,575
Single Family
10,024
Multi-Family
551
Businesses
419
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