1403 W Jennings RdSpangleWA99031
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 1403 W Jennings Rd, Spangle, WA, 99031 in Spangle. Rental yield 1.67%. At $1,400,000 with 1.67% gross yield, current distributions are modest, but the 5% appreciation rate projects $386,794 in new equity by year five, complemented by $12,894/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.31) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $113,667.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 1.7% | 6.2% |
| Monthly Cash Flow | $(6,467) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,949 |
| Total Monthly Debt Service | $7,859 |
| DSCR Ratio | 0.25x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1928
102.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99031, Spangle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 393 (75.3%) |
| Renter Occupied HU | 109 (20.9%) |
| Vacant Housing Units | 20 ( 3.8%) |
| Median Home Value | $442,000 |
| Average Home Value | $459,981 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
376
Multi-Family
0
Businesses
38
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
Single Family
Built in 1928
102.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99031, Spangle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 393 (75.3%) |
| Renter Occupied HU | 109 (20.9%) |
| Vacant Housing Units | 20 ( 3.8%) |
| Median Home Value | $442,000 |
| Average Home Value | $459,981 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
376
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bev Heidecker • Cheney Realty, Inc.
Mls Name: SMLS
Mls ID: #202612284