219 W Columbia AvenueChelanWA98816
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 Chelan at 219 W Columbia Avenue, Chelan, WA, 98816 priced at $439,000 converts $2,226/mo rent into after a $2,149/mo obligation. Total monthly income equals $2,226/mo. Return on cash invested prints 16.5% in year one, and rental yield reads 6.08% against a $439,000 entry. Equity gained on principal adds $2,833/yr, while 5% annual appreciation compiles into $121,288 by year five. Five-year ROI reaches 84.34% and total cumulative return in cash sums $122,732. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,226/mo property income covering a $2,149/mo payment, not borrower’s personal income.
Single Family
Built in 1928
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98816, Chelan, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,869 (100%) |
| Owner Occupied HU | 2,069 (42.5%) |
| Renter Occupied HU | 902 (18.5%) |
| Vacant Housing Units | 1,898 (39.0%) |
| Median Home Value | $632,368 |
| Average Home Value | $704,685 |
Housing Distribution
Address Breakdown
Residential
2,786
Single Family
2,785
Multi-Family
1
Businesses
411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhett J. Crow • Windermere RE/Lk Chelan Dwntwn
Mls Name: NWMLS
Mls ID: #2418866