120 Madisen LaneChelanWA98816
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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 Chelan at 120 Madisen Lane, Chelan, WA, 98816 offers $4,048/mo rent that, after a $3,597/mo payment. Total monthly income is $4,048/mo. Return on cash invested measures 18.23% in year one, and rental yield stands at 6.61% at a $735,000 entry. Equity gained on principal adds $4,743/yr while 5% annual appreciation compounds into $203,067 by year five. Five-year ROI records 93.55% and total cumulative return in cash reaches $226,224. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,048/mo property income versus a $3,597/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98816, Chelan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,869 (100%) |
| Owner Occupied HU | 2,069 (42.5%) |
| Renter Occupied HU | 902 (18.5%) |
| Vacant Housing Units | 1,898 (39.0%) |
| Median Home Value | $632,368 |
| Average Home Value | $704,685 |
Housing Distribution
Address Breakdown
Residential
2,786
Single Family
2,785
Multi-Family
1
Businesses
411
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Listed by: Jill Sjolin • Windermere Real Estate/HLC
Mls Name: NWMLS
Mls ID: #2418751