1011 8th Avenue NEEphrataWA98823
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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 Ephrata at 1011 8th Avenue NE, Ephrata, WA, 98823 offers a 8.11% rental yield on a $499,900 purchase with $3,379/mo rent. Total monthly income registers $3,379/mo, and a $2,447/mo payment leaves $374/mo available for distribution. Annual cash flow reaches $4,485/yr on $165,717 to close, and return on cash invested stands at 22.62% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 117.11% and total cumulative return in cash at $194,076. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,379/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
7,940 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98823, Ephrata, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,857 (100%) |
| Owner Occupied HU | 3,298 (67.9%) |
| Renter Occupied HU | 1,298 (26.7%) |
| Vacant Housing Units | 261 ( 5.4%) |
| Median Home Value | $350,062 |
| Average Home Value | $374,187 |
Housing Distribution
Address Breakdown
Residential
4,724
Single Family
4,603
Multi-Family
121
Businesses
453
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Listed by: William Stakelin • BHGRE Gary Mann Realty
Mls Name: NWMLS
Mls ID: #2459698