1616 Cherry StreetOrovilleWA98844
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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
Total monthly income runs $1,405/mo, and a $2,296/mo payment. Purchase price stands at $469,000, and rental yield measures 3.59% with $1,405/mo rent. Return on cash invested shows 8.99% in year one, and 5% annual appreciation builds toward $129,576 over five years. Five-year ROI reaches 44.07% and total cumulative return in cash records $68,515. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,405/mo property income covering a $2,296/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98844, Oroville, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,957 (100%) |
| Owner Occupied HU | 1,431 (48.4%) |
| Renter Occupied HU | 602 (20.4%) |
| Vacant Housing Units | 924 (31.2%) |
| Median Home Value | $317,982 |
| Average Home Value | $376,214 |
Housing Distribution
Address Breakdown
Residential
1,762
Single Family
1,686
Multi-Family
76
Businesses
198
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Listed by: Shayne Thacker • ProStaff Real Estate
Mls Name: NWMLS
Mls ID: #2405345