704 McCammon DrElkWA99009
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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 Elk at 704 McCammon Dr, Elk, WA, 99009 priced at $749,999 converts $3,619/mo rent into after a $3,671/mo obligation. Total monthly income equals $3,619/mo. Return on cash invested prints 15.73% in year one, and rental yield reads 5.79% against a $749,999 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation compiles into $207,211 by year five. Five-year ROI reaches 80.19% and total cumulative return in cash sums $197,873. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,619/mo property income covering a $3,671/mo payment, not borrower’s personal income.
Single Family
Built in 2011
11.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99009, Elk, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,839 (100%) |
| Owner Occupied HU | 1,525 (82.9%) |
| Renter Occupied HU | 182 ( 9.9%) |
| Vacant Housing Units | 132 ( 7.2%) |
| Median Home Value | $425,207 |
| Average Home Value | $452,974 |
Housing Distribution
Address Breakdown
Residential
1,416
Single Family
1,416
Multi-Family
0
Businesses
88
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Listed by: Ryan Stoker • RE/MAX Citibrokers
Mls Name: SMLS
Mls ID: #202610094