840 NE Karol LoopCollege PlaceWA99324
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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 College Place at 840 NE Karol Loop, College Place, WA, 99324 uses $43,758 cash to close to unlock $2,635/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,013/mo, and a $646/mo payment keeps the spread at $220/mo. Purchase price stands at $132,000, and rental yield measures 9.21% with $1,013/mo rent. Return on cash invested shows 25.93% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 134.91% and total cumulative return in cash records $59,035. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,013/mo property income covering a $646/mo payment rather than investor’s personal income.
Manufactured
Built in 1991
N/A 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
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Listed by: Kristopher Garten • Williams Team Homes LLC
Mls Name: NWMLS
Mls ID: #2446060