1350 W Woodin Avenue #CDE1&2ChelanWA98816
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
Investment property for sale in Chelan at 1350 W Woodin Avenue #CDE1&2, Chelan, WA, 98816 uses $55,029 cash to close to unlock $4,040/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $1,334/mo, and a $812/mo payment keeps the spread at $337/mo. Purchase price stands at $166,000, and rental yield measures 9.64% with $1,334/mo rent. Return on cash invested shows 27.25% in year one, and 5% annual appreciation builds toward $45,863 over five years. Five-year ROI reaches 142.01% and total cumulative return in cash records $78,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,334/mo property income covering a $812/mo payment rather than investor’s personal income.
Condo
Built in 2017
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nick Bowler • RE/MAX Advantage
Mls Name: NWMLS
Mls ID: #2459014