116 S 7th AveIoneWA99139
Nearby investment properties with comparable rents
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 Ione at 116 S 7th Ave, Ione, WA, 99139 generates $1,502/mo in rent, after a $1,419/mo payment. Total monthly income is $1,502/mo. Return on cash invested sits at 16.9% in year one, and rental yield is 6.22% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 86.53% and total cumulative return in cash sums $83,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,502/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99139, Ione, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 683 (100%) |
| Owner Occupied HU | 403 (59.0%) |
| Renter Occupied HU | 96 (14.1%) |
| Vacant Housing Units | 184 (26.9%) |
| Median Home Value | $360,638 |
| Average Home Value | $511,563 |
Housing Distribution
Address Breakdown
Residential
173
Single Family
173
Multi-Family
0
Businesses
44
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pollianna Dickinson-Jones • EXIT Real Estate Professionals
Mls Name: SMLS
Mls ID: #202610974