








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Cheney at 20410 W State Route 904, Cheney, WA, 99004 listed at $375,000 pairs $2,400/mo rent with a $1,835/mo payment to leave $146/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $1,755/yr on $124,313 cash to close. Return on cash invested measures 21.32% in year one, and rental yield registers 7.68% at a $375,000 basis. Equity gained on principal adds $2,420/yr, and annual property appreciation at 5% supports $103,606 by year five. Five-year ROI tracks 110.2% and total cumulative return in cash totals $136,995. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2005
12.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 99004, Cheney, WA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,338 (100%) |
| Owner Occupied HU | 5,243 (50.7%) |
| Renter Occupied HU | 4,217 (40.8%) |
| Vacant Housing Units | 878 ( 8.5%) |
| Median Home Value | $527,548 |
| Average Home Value | $629,273 |
Residential
9,380
Single Family
7,782
Multi-Family
1,598
Businesses
327
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-31 | N/A | N/A | $338,950 | 2.42% |
| 2023-05-31 | $601.88 | -12.31% | $330,950 | 2.07% |
| 2022-05-31 | $686.40 | 8.92% | $324,250 | 27.30% |



Listed by: Clinton Sewright • Coldwell Banker Tomlinson
Mls Name: SMLS
Mls Provider:
Mls ID: #202517692
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.