103 S Neyland Ave APT 1Liberty LakeWA99019
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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 Liberty Lake at 103 S Neyland Ave APT 1, Liberty Lake, WA, 99019 offers a 8% rental yield on a $305,000 purchase with $2,034/mo rent. Total monthly income registers $2,034/mo, and a $1,493/mo payment leaves $200/mo available for distribution. Annual cash flow reaches $2,405/yr on $101,108 to close, and return on cash invested stands at 22.29% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 115.38% and total cumulative return in cash at $116,662. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,034/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99019, Liberty Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,972 (100%) |
| Owner Occupied HU | 4,128 (69.1%) |
| Renter Occupied HU | 1,574 (26.4%) |
| Vacant Housing Units | 270 ( 4.5%) |
| Median Home Value | $641,088 |
| Average Home Value | $707,045 |
Housing Distribution
Address Breakdown
Residential
5,776
Single Family
5,138
Multi-Family
638
Businesses
522
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Listed by: Leah Cunningham • Windermere Valley
Mls Name: SMLS
Mls ID: #202522719