205 E 2nd StSpangleWA99031
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
Rental property for sale in Spangle at 205 E 2nd St, Spangle, WA, 99031 priced at $199,950 pairs $1,503/mo rent with $301/mo cash flow after a $979/mo payment. Total monthly income equals $1,503/mo, and annual cash flow comes to $3,609/yr on $66,283 invested. Return on cash invested is 25.35% in year one, and rental yield stands at 9.02% on a $199,950 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,243 by year five. Five-year ROI measures 131.82% and total cumulative return in cash reaches $87,376. For financing, Ziffy Mortgage’s DSCR program evaluates $1,503/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99031, Spangle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 522 (100%) |
| Owner Occupied HU | 393 (75.3%) |
| Renter Occupied HU | 109 (20.9%) |
| Vacant Housing Units | 20 ( 3.8%) |
| Median Home Value | $442,000 |
| Average Home Value | $459,981 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
376
Multi-Family
0
Businesses
38
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Listed by: Leon Vincent • Vincent Realty
Mls Name: SMLS
Mls ID: #202522665