108 E Wawawai StColfaxWA99111
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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
Rental property for sale in Colfax at 108 E Wawawai St, Colfax, WA, 99111 offers $3,040/mo rent that, after a $1,884/mo payment, leaves $726/mo cash flow. Total monthly income is $3,040/mo, and annual cash flow is $8,713/yr on $127,628 cash. Return on cash invested measures 26.74% in year one, and rental yield stands at 9.48% at a $385,000 entry. Equity gained on principal adds $2,484/yr while 5% annual appreciation compounds into $106,368 by year five. Five-year ROI records 139.25% and total cumulative return in cash reaches $177,718. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,040/mo property income versus a $1,884/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1903
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99111, Colfax, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,244 (62.0%) |
| Renter Occupied HU | 599 (29.8%) |
| Vacant Housing Units | 164 ( 8.2%) |
| Median Home Value | $297,552 |
| Average Home Value | $368,139 |
Housing Distribution
Address Breakdown
Residential
1,805
Single Family
1,639
Multi-Family
166
Businesses
249
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Listed by: Ashley Alred • Coldwell Banker Tomlinson Associates
Mls Name: PACMLS
Mls ID: #287631