1458 Old Highway 97OkanoganWA98829
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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
Investment property for sale in Okanogan at 1458 Old Highway 97, Okanogan, WA, 98829 uses $111,053 cash to close to unlock $5,051/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $2,435/mo, and a $1,640/mo payment keeps the spread at $421/mo. Purchase price stands at $335,000, and rental yield measures 8.72% with $2,435/mo rent. Return on cash invested shows 24.46% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 126.99% and total cumulative return in cash records $141,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,435/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98829, Malott, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 115 (100%) |
| Owner Occupied HU | 69 (60.0%) |
| Renter Occupied HU | 29 (25.2%) |
| Vacant Housing Units | 17 (14.8%) |
| Median Home Value | $369,643 |
| Average Home Value | $454,203 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
6
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Listed by: Earl Worthington • Kelly Right RE of Seattle LLC
Mls Name: NWMLS
Mls ID: #2393119