703 S 38th Ave APT 8YakimaWA98902
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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 Yakima at 703 S 38th Ave APT 8, Yakima, WA, 98902 uses $56,355 cash to close to unlock $8,090/yr annual cash flow and $674/mo monthly cash flow. Total monthly income runs $1,696/mo, and a $832/mo payment keeps the spread at $674/mo. Purchase price stands at $170,000, and rental yield measures 11.97% with $1,696/mo rent. Return on cash invested shows 34.26% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 179.65% and total cumulative return in cash records $101,241. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,696/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98902, Yakima, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,594 (100%) |
| Owner Occupied HU | 9,170 (49.3%) |
| Renter Occupied HU | 8,596 (46.2%) |
| Vacant Housing Units | 828 ( 4.5%) |
| Median Home Value | $280,057 |
| Average Home Value | $319,492 |
Housing Distribution
Address Breakdown
Residential
17,340
Single Family
15,716
Multi-Family
1,624
Businesses
1,522
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Listed by: Jolie Grant • Keller Williams Yakima Valley
Mls Name: YARMLS
Mls ID: #25-2706