203 N Mill St APT 307ColfaxWA99111
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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 307, Colfax, WA, 99111 offers a 10.41% rental yield on a $179,000 purchase with $1,553/mo rent. Total monthly income registers $1,553/mo, and a $876/mo payment leaves $477/mo available for distribution. Annual cash flow reaches $5,725/yr on $59,339 to close, and return on cash invested stands at 29.56% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 154.43% and total cumulative return in cash at $91,635. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,553/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Melissa Harrison • Coldwell Banker Tomlinson Associates
Mls Name: PACMLS
Mls ID: #287776