1479 Old Hwy 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
Rental property for sale in Okanogan at 1479 Old Hwy 97, Okanogan, WA, 98829 generates $1,800/mo in rent and, after a $1,322/mo payment, leaves $177/mo in cash flow. Total monthly income is $1,800/mo, and annual cash flow is $2,118/yr on $89,505 invested. Return on cash invested sits at 22.28% in year one, and rental yield is 8% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 115.33% and total cumulative return in cash sums $103,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.50 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: Kory R. Heindselman • RE/MAX Welcome Home
Mls Name: NWMLS
Mls ID: #2459661