👑 Longview Light Value-Add + DSCR Refinance Hold Opportunity 👑
Price: $189,900
$50,000+ Instant Equity
Public Walkthrough 8/20 at 11 AM
Great light value-add opportunity in Longview with a straightforward path to creating equity and strong potential as a long-term hold. Based on nearby comparable sales, the purchase price offers approximately $50,000+ in instant equity, with additional upside available through a light renovation.
This 2-bedroom, 1-bath home needs only a minor rehab, primarily consisting of interior paint and some small siding repairs. The carpet is only a few years old and has been through just one tenant. An investor could also choose to replace the kitchen cabinets depending on the desired finish level.
With a manageable 756 sqft footprint, detached garage/storage building, fenced yard, and a location near Lake Sacajawea, trails, gardens, schools, parks, and recreational facilities, this is a relatively simple project with multiple exit strategies.
💰 DSCR Refinance Hold Strategy
Purchase cash/hard money → Complete light rehab → Rent → Refinance into DSCR loan
Purchase Price: $189,900
Market Rent: $1,750/mo
20% Equity / 80% LTV: $37,980
Est. DSCR Loan Amount: $151,920
Est. P&I @ 7.0%: ~$1,011/mo
Property Taxes: ~$156/mo
Insurance: ~$67/mo
Est. PITIA: ~$1,234/mo
Est. DSCR: ~1.42
Est. Monthly Spread: ~$516/mo
Est. Annual Spread: ~$6,192
The strategy is to purchase with cash or hard money, complete the light rehab, place a tenant at market rent, and refinance into a long-term DSCR loan.
DSCR figures are estimates based on a 7.0% interest rate, 30-year amortization, $1,750 market rent, and an assumed refinance loan amount of $151,920. Actual refinance proceeds, LTV, seasoning requirements, rates, fees, appraisal, and lender underwriting may vary.
🔨 Light Rehab
Interior paint
Small siding repairs
Carpet is only a few years old and has had just one tenant
Optional kitchen cabinet replacement depending on desired finish
📈 Nearby Comps
510 22nd Ave, Longview, WA 98632 — SOLD $310,000 (8/5/2026) — MODERNIZED
2 beds | 1 bath | 830 sqft
Detached garage | Fenced yard | Updated interior
Located just two blocks from Lake Sacajawea.
537 16th Ave, Longview, WA 98632 — SOLD $255,000 (6/23/2026)
2 beds | 1 bath | 868 sqft
Basic cosmetic condition | Updated flooring | 2-car carport | Storage shed | Fenced yard
Recent nearby sale offering a good comparison for a more modestly finished property.
288 18th Ave, Longview, WA 98632 — SOLD $255,000 (9/5/2025)
2 beds | 1 bath | 718 sqft
Detached 2-car garage/shop | Updated flooring & countertops
🏠 Property Details
426 17th Ave, Longview, WA 98632
2 beds | 1 bath | 756 sqft
Covered front porch
Detached garage/storage building
Fenced yard
Near Lake Sacajawea, trails, gardens, schools, parks, and recreational facilities
Closing Date: 9/14/2026
Cash and hard money only. $10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call (503) 404-4532 with any questions.
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
