1306 E Spruce StreetOthelloWA99344
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Othello at 1306 E Spruce Street, Othello, WA, 99344 generates $2,124/mo in rent and, after a $1,297/mo payment, leaves $531/mo in cash flow. Total monthly income is $2,124/mo, and annual cash flow is $6,373/yr on $87,848 invested. Return on cash invested sits at 27.16% in year one, and rental yield is 9.62% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 141.55% and total cumulative return in cash sums $124,347. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,124/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99344, Othello, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,983 (100%) |
| Owner Occupied HU | 3,504 (58.6%) |
| Renter Occupied HU | 2,056 (34.4%) |
| Vacant Housing Units | 423 ( 7.1%) |
| Median Home Value | $296,239 |
| Average Home Value | $321,831 |
Housing Distribution
Address Breakdown
Residential
5,627
Single Family
5,237
Multi-Family
390
Businesses
449
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Vela • Nest Realty Company
Mls Name: NWMLS
Mls ID: #2414706