117 E Lake StreetConconullyWA98819
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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 Conconully at 117 E Lake Street, Conconully, WA, 98819 offers $1,400/mo rent that, after a $2,031/mo payment. Total monthly income is $1,400/mo. Return on cash invested measures 10.36% in year one, and rental yield stands at 4.05% at a $415,000 entry. Equity gained on principal adds $2,678/yr while 5% annual appreciation compounds into $114,657 by year five. Five-year ROI records 51.43% and total cumulative return in cash reaches $70,749. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,400/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1981
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98819, Conconully, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 172 (100%) |
| Owner Occupied HU | 75 (43.6%) |
| Renter Occupied HU | 22 (12.8%) |
| Vacant Housing Units | 75 (43.6%) |
| Median Home Value | $302,941 |
| Average Home Value | $322,767 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
13
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Listed by: Timothy Gilreath • Pine Street Realty
Mls Name: NWMLS
Mls ID: #2456544