1902 W Prospect St. #112ChelanWA98816
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
Investment property for sale in Chelan at 1902 W Prospect St. #112, Chelan, WA, 98816 listed at $479,000 pairs $2,567/mo rent with a $2,344/mo payment. Total monthly income runs $2,567/mo. Return on cash invested measures 17.55% in year one, and rental yield registers 6.43% at a $479,000 basis. Equity gained on principal adds $3,091/yr, and annual property appreciation at 5% supports $132,339 by year five. Five-year ROI tracks 89.99% and total cumulative return in cash totals $142,899. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,567/mo property income relative to a $2,344/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1993
866.84 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98816, Chelan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,869 (100%) |
| Owner Occupied HU | 2,069 (42.5%) |
| Renter Occupied HU | 902 (18.5%) |
| Vacant Housing Units | 1,898 (39.0%) |
| Median Home Value | $632,368 |
| Average Home Value | $704,685 |
Housing Distribution
Address Breakdown
Residential
2,786
Single Family
2,785
Multi-Family
1
Businesses
411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Cook • Epique Realty
Mls Name: NWMLS
Mls ID: #2426045