123 Terrace AveNewportWA99156
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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 Newport at 123 Terrace Ave, Newport, WA, 99156 offers $2,165/mo rent that, after a $3,915/mo payment. Total monthly income is $2,165/mo. Return on cash invested measures 8.01% in year one, and rental yield stands at 3.25% at a $799,950 entry. Equity gained on principal adds $5,162/yr while 5% annual appreciation compounds into $221,011 by year five. Five-year ROI records 38.75% and total cumulative return in cash reaches $101,980. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,165/mo property income versus a $3,915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99156, Newport, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,995 (100%) |
| Owner Occupied HU | 2,913 (58.3%) |
| Renter Occupied HU | 805 (16.1%) |
| Vacant Housing Units | 1,277 (25.6%) |
| Median Home Value | $471,257 |
| Average Home Value | $500,637 |
Housing Distribution
Address Breakdown
Residential
3,215
Single Family
3,055
Multi-Family
160
Businesses
280
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Listed by: Robin Wendel • Windermere North
Mls Name: SMLS
Mls Provider:
Mls ID: #202519556
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.