716 SE Songbird LaneCollege PlaceWA99324
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 College Place at 716 SE Songbird Lane, College Place, WA, 99324 at $415,000 posts ROI 20.04% with $15/mo cash flow from $2,509/mo rent. Total monthly income equals $2,509/mo, and annual cash flow records $175/yr on $137,573 to close. Return on cash invested measures 20.04% and rental yield reads 7.25% at the current $415,000. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 by year five. Five-year ROI prints 103.3% and total cumulative return in cash totals $142,113.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,509/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
5,283 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99324, College Place, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,388 (100%) |
| Owner Occupied HU | 2,378 (54.2%) |
| Renter Occupied HU | 1,557 (35.5%) |
| Vacant Housing Units | 453 (10.3%) |
| Median Home Value | $437,500 |
| Average Home Value | $456,674 |
Housing Distribution
Address Breakdown
Residential
4,212
Single Family
4,040
Multi-Family
172
Businesses
236
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dana Yarwood • Windermere RE Walla Walla
Mls Name: NWMLS
Mls ID: #2441197