1888 Orchard Dr NEvansWA99126
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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 Evans at 1888 Orchard Dr N, Evans, WA, 99126 offers a 7.38% rental yield on a $309,000 purchase with $1,901/mo rent. Total monthly income registers $1,901/mo, and a $1,512/mo payment leaves $44/mo available for distribution. Annual cash flow reaches $527/yr on $102,434 to close, and return on cash invested stands at 20.42% in year one. Equity gained on principal adds $1,994/yr while 5% annual appreciation supports $85,371 over five years. Portfolio math shows five-year ROI at 105.36% and total cumulative return in cash at $107,921. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,901/mo property income against a $1,512/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99126, Evans, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 432 (100%) |
| Owner Occupied HU | 332 (76.9%) |
| Renter Occupied HU | 62 (14.4%) |
| Vacant Housing Units | 38 ( 8.8%) |
| Median Home Value | $359,722 |
| Average Home Value | $390,693 |
Housing Distribution
Address Breakdown
Residential
367
Single Family
367
Multi-Family
0
Businesses
2
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Listed by: SCOTT L. THOMPSON • RE/MAX SELECT ASSOCIATES
Mls Name: Northeast Washington AOR
Mls ID: #44565