864 Spencer RoadToledoWA98591
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 Toledo at 864 Spencer Road, Toledo, WA, 98591 offers a 2.93% rental yield on a $650,000 purchase with $1,585/mo rent. 03% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 33.53% and total cumulative return in cash at $71,702. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,585/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2016
4.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98591, Toledo, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,931 (100%) |
| Owner Occupied HU | 1,445 (74.8%) |
| Renter Occupied HU | 311 (16.1%) |
| Vacant Housing Units | 175 ( 9.1%) |
| Median Home Value | $590,054 |
| Average Home Value | $603,114 |
Housing Distribution
Address Breakdown
Residential
1,292
Single Family
1,273
Multi-Family
19
Businesses
117
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charity Watkins • Keller Williams-Premier Prtnrs
Mls Name: NWMLS
Mls ID: #2411636