709 E Olive AvenueRitzvilleWA99169
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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 Ritzville at 709 E Olive Avenue, Ritzville, WA, 99169 priced at $239,000 pairs $1,800/mo rent with $363/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $4,357/yr on $79,229 invested. Return on cash invested is 25.41% in year one, and rental yield stands at 9.04% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 132.16% and total cumulative return in cash reaches $104,712. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1899
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99169, Ritzville, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 847 (66.3%) |
| Renter Occupied HU | 288 (22.5%) |
| Vacant Housing Units | 143 (11.2%) |
| Median Home Value | $224,485 |
| Average Home Value | $304,870 |
Housing Distribution
Address Breakdown
Residential
1,003
Single Family
939
Multi-Family
64
Businesses
167
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Listed by: Richard Dignum • Imagine Realty ERA Powered
Mls Name: NWMLS
Mls ID: #2421844