112 N Fir StreetSoap LakeWA98851
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Nearby investment properties with comparable prices
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 Soap Lake at 112 N Fir Street, Soap Lake, WA, 98851 priced at $780,000 converts $1,961/mo rent into after a $3,818/mo obligation. Total monthly income equals $1,961/mo. Return on cash invested prints 7.3% in year one, and rental yield reads 3.02% against a $780,000 entry. Equity gained on principal adds $5,033/yr, while 5% annual appreciation compiles into $215,500 by year five. Five-year ROI reaches 34.97% and total cumulative return in cash sums $89,740. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,961/mo property income covering a $3,818/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98851, Soap Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,270 (100%) |
| Owner Occupied HU | 1,438 (63.3%) |
| Renter Occupied HU | 606 (26.7%) |
| Vacant Housing Units | 226 ( 10.0%) |
| Median Home Value | $327,536 |
| Average Home Value | $362,531 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
949
Multi-Family
0
Businesses
65
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Listed by: TATYANA REYNOLDS • Keller Williams Realty Spokane
Mls Name: NWMLS
Mls ID: #2440237