1303 Nightingale RoadWapatoWA98951
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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 Wapato at 1303 Nightingale Road, Wapato, WA, 98951 offers $2,611/mo rent that, after a $2,447/mo payment. Total monthly income is $2,611/mo. Return on cash invested measures 17.05% in year one, and rental yield stands at 6.27% at a $499,950 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,127 by year five. Five-year ROI records 87.29% and total cumulative return in cash reaches $144,676. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,611/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98951, Wapato, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,861 (100%) |
| Owner Occupied HU | 2,351 (60.9%) |
| Renter Occupied HU | 1,329 (34.4%) |
| Vacant Housing Units | 181 ( 4.7%) |
| Median Home Value | $293,793 |
| Average Home Value | $351,168 |
Housing Distribution
Address Breakdown
Residential
3,758
Single Family
3,436
Multi-Family
322
Businesses
224
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Listed by: Matt Hagwood • Kelly Right RE of Spokane LLC
Mls Name: NWMLS
Mls ID: #2467057