207 E 8th AvenueRitzvilleWA99169
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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
Rental property for sale in Ritzville at 207 E 8th Avenue, Ritzville, WA, 99169 priced at $209,995 converts $1,956/mo rent into $694/mo cash flow after a $1,028/mo obligation. Total monthly income equals $1,956/mo, and annual cash flow totals $8,322/yr on $69,613 invested. Return on cash invested prints 31.86% in year one, and rental yield reads 11.18% against a $209,995 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation compiles into $58,018 by year five. Five-year ROI reaches 166.75% and total cumulative return in cash sums $116,078. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,956/mo property income covering a $1,028/mo payment, not borrower’s personal income.
Single Family
Built in 1950
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99169, Ritzville, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,278 (100%) |
| Owner Occupied HU | 847 (66.3%) |
| Renter Occupied HU | 288 (22.5%) |
| Vacant Housing Units | 143 (11.2%) |
| Median Home Value | $224,485 |
| Average Home Value | $304,870 |
Housing Distribution
Address Breakdown
Residential
1,003
Single Family
939
Multi-Family
64
Businesses
167
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Listed by: Rick J Sawyer • Katz Realty, Inc.
Mls Name: NWMLS
Mls ID: #2457762