119 Fir Street NSoap LakeWA98851
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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 Soap Lake at 119 Fir Street N, Soap Lake, WA, 98851 offers $2,460/mo rent that, after a $1,684/mo payment, leaves $392/mo cash flow. Total monthly income is $2,460/mo, and annual cash flow is $4,702/yr on $114,036 cash. Return on cash invested measures 24.03% in year one, and rental yield stands at 8.58% at a $344,000 entry. Equity gained on principal adds $2,220/yr while 5% annual appreciation compounds into $95,041 by year five. Five-year ROI records 124.71% and total cumulative return in cash reaches $142,214. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,460/mo property income versus a $1,684/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
9,992 sqft 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: Raymond I. Gravelle • Keller Williams Realty Spokane
Mls Name: NWMLS
Mls ID: #2447503