203 N Mill St APT 304ColfaxWA99111
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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 Colfax at 203 N Mill St APT 304, Colfax, WA, 99111 uses $55,692 cash to close to unlock $6,593/yr annual cash flow and $549/mo monthly cash flow. Total monthly income runs $1,559/mo, and a $822/mo payment keeps the spread at $549/mo. Purchase price stands at $168,000, and rental yield measures 11.14% with $1,559/mo rent. Return on cash invested shows 31.75% in year one, and 5% annual appreciation builds toward $46,415 over five years. Five-year ROI reaches 166.14% and total cumulative return in cash records $92,525. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,559/mo property income covering a $822/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99111, Colfax, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,007 (100%) |
| Owner Occupied HU | 1,244 (62.0%) |
| Renter Occupied HU | 599 (29.8%) |
| Vacant Housing Units | 164 ( 8.2%) |
| Median Home Value | $297,552 |
| Average Home Value | $368,139 |
Housing Distribution
Address Breakdown
Residential
1,805
Single Family
1,639
Multi-Family
166
Businesses
249
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Listed by: Carmen Bruya • United Country Real Estate - Team Washington
Mls Name: PACMLS
Mls ID: #288516