7407 W Ridgecrest AveNine Mile FallsWA99026
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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 Nine Mile Falls at 7407 W Ridgecrest Ave, Nine Mile Falls, WA, 99026 uses $162,435 cash to close to unlock $4,066/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $3,284/mo, and a $2,398/mo payment keeps the spread at $339/mo. Purchase price stands at $490,000, and rental yield measures 8.04% with $3,284/mo rent. Return on cash invested shows 22.41% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 116.02% and total cumulative return in cash records $188,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,284/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99026, Nine Mile Falls, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,001 (100%) |
| Owner Occupied HU | 3,595 (89.9%) |
| Renter Occupied HU | 266 ( 6.6%) |
| Vacant Housing Units | 140 ( 3.5%) |
| Median Home Value | $530,482 |
| Average Home Value | $568,047 |
Housing Distribution
Address Breakdown
Residential
3,663
Single Family
3,663
Multi-Family
0
Businesses
147
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Listed by: Lee Ferrari • Redfin
Mls Name: SMLS
Mls ID: #202527634