821 S Steen RdVeradaleWA99037
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
Rental property for sale in Veradale at 821 S Steen Rd, Veradale, WA, 99037 priced at $1,925,000 pairs $5,095/mo rent with after a $9,422/mo payment. Total monthly income equals $5,095/mo. Return on cash invested is 7.91% in year one, and rental yield stands at 3.18% on a $1,925,000 basis. Equity gained on principal adds $12,422/yr, and 5% annual appreciation accumulates to $531,842 by year five. Five-year ROI measures 38.16% and total cumulative return in cash reaches $237,976. For financing, Ziffy Mortgage’s DSCR program evaluates $5,095/mo property income against a $9,422/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99037, Veradale, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,321 (100%) |
| Owner Occupied HU | 4,125 (56.3%) |
| Renter Occupied HU | 2,982 (40.7%) |
| Vacant Housing Units | 214 ( 2.9%) |
| Median Home Value | $526,688 |
| Average Home Value | $563,407 |
Housing Distribution
Address Breakdown
Residential
6,914
Single Family
5,618
Multi-Family
1,296
Businesses
565
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Listed by: Anna Oukrainets • Live Real Estate, LLC
Mls Name: SMLS
Mls ID: #202518715