1888 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 1888 Old Hwy 97, Okanogan, WA, 98840 offers a 8.37% rental yield on a $225,000 purchase with $1,569/mo rent. Total monthly income registers $1,569/mo, and a $1,101/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,601/yr on $74,588 to close, and return on cash invested stands at 23.4% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 121.32% and total cumulative return in cash at $90,489. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,569/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2004
1 sqft 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: Rachel Giovacchini • RE/MAX Welcome Home
Mls Name: NWMLS
Mls ID: #2386126