10510 W Richland Rd LOT 36CheneyWA99004
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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 Cheney at 10510 W Richland Rd LOT 36, Cheney, WA, 99004 offers a 9.36% rental yield on a $135,000 purchase with $1,053/mo rent. Total monthly income registers $1,053/mo, and a $661/mo payment leaves $241/mo available for distribution. Annual cash flow reaches $2,895/yr on $44,753 to close, and return on cash invested stands at 26.38% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 137.37% and total cumulative return in cash at $61,477. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,053/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99004, Cheney, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,338 (100%) |
| Owner Occupied HU | 5,243 (50.7%) |
| Renter Occupied HU | 4,217 (40.8%) |
| Vacant Housing Units | 878 ( 8.5%) |
| Median Home Value | $527,548 |
| Average Home Value | $629,273 |
Housing Distribution
Address Breakdown
Residential
9,380
Single Family
7,782
Multi-Family
1,598
Businesses
327
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Listed by: Sara Houk • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202610606