1864 Old Hwy 97OkanoganWA98840
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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 1864 Old Hwy 97, Okanogan, WA, 98840 earns from $2,860/mo rent with a $2,765/mo payment. Total monthly income totals $2,860/mo. ROI tracks 16.6% on current figures, and rental yield reads 6.07% at a $565,000 purchase. Equity gained on principal adds $3,646/yr, and 5% annual appreciation supports $156,099 over five years. Five-year ROI reaches 84.85% and total cumulative return in cash sums $157,731. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,860/mo property income instead of your personal income.
Single Family
Built in 1955
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98840, Okanogan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,375 (100%) |
| Owner Occupied HU | 1,430 (60.2%) |
| Renter Occupied HU | 713 (30.0%) |
| Vacant Housing Units | 232 ( 9.8%) |
| Median Home Value | $281,174 |
| Average Home Value | $353,199 |
Housing Distribution
Address Breakdown
Residential
1,360
Single Family
1,360
Multi-Family
0
Businesses
207
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Listed by: Mary C. Niemeyer • Windermere Omak
Mls Name: NWMLS
Mls ID: #2428599