1502 S Kelvin CourtEast WenatcheeWA98802
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 East Wenatchee at 1502 S Kelvin Court, East Wenatchee, WA, 98802 offers $2,129/mo rent that, after a $3,911/mo payment. Total monthly income is $2,129/mo. Return on cash invested measures 7.85% in year one, and rental yield stands at 3.2% at a $798,990 entry. Equity gained on principal adds $5,156/yr while 5% annual appreciation compounds into $220,746 by year five. Five-year ROI records 37.92% and total cumulative return in cash reaches $99,675. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,129/mo property income versus a $3,911/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98802, East Wenatchee, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,208 (100%) |
| Owner Occupied HU | 9,155 (69.3%) |
| Renter Occupied HU | 3,430 (26.0%) |
| Vacant Housing Units | 623 ( 4.7%) |
| Median Home Value | $485,121 |
| Average Home Value | $521,488 |
Housing Distribution
Address Breakdown
Residential
12,617
Single Family
12,127
Multi-Family
490
Businesses
565
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Listed by: Wendy Jones • BHHS Jessup Real Estate
Mls Name: NWMLS
Mls ID: #2369445