108 S Spokane AveNewportWA99156
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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 Newport at 108 S Spokane Ave, Newport, WA, 99156 offers a 11.11% rental yield on a $217,500 purchase with $2,014/mo rent. Total monthly income registers $2,014/mo, and a $1,065/mo payment leaves $706/mo available for distribution. Annual cash flow reaches $8,473/yr on $72,101 to close, and return on cash invested stands at 31.66% in year one. Equity gained on principal adds $1,403/yr while 5% annual appreciation supports $60,091 over five years. Portfolio math shows five-year ROI at 165.68% and total cumulative return in cash at $119,454. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,014/mo property income against a $1,065/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99156, Newport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,995 (100%) |
| Owner Occupied HU | 2,913 (58.3%) |
| Renter Occupied HU | 805 (16.1%) |
| Vacant Housing Units | 1,277 (25.6%) |
| Median Home Value | $471,257 |
| Average Home Value | $500,637 |
Housing Distribution
Address Breakdown
Residential
3,215
Single Family
3,055
Multi-Family
160
Businesses
280
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Listed by: Tiffany Carlson • Heart and Homes NW Realty
Mls Name: SMLS
Mls ID: #202516669