220 E Cannon StPalouseWA99161
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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 Palouse at 220 E Cannon St, Palouse, WA, 99161 earns $384/mo cash flow from $2,542/mo rent with a $1,757/mo payment. Total monthly income totals $2,542/mo, and annual cash flow totals $4,609/yr on $119,009 capital. ROI tracks 23.78% on current figures, and rental yield reads 8.5% at a $359,000 purchase. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 over five years. Five-year ROI reaches 123.41% and total cumulative return in cash sums $146,863. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,542/mo property income instead of your personal income.
Single Family
Built in 1970
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99161, Palouse, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 690 (100%) |
| Owner Occupied HU | 528 (76.5%) |
| Renter Occupied HU | 107 (15.5%) |
| Vacant Housing Units | 55 ( 8.0%) |
| Median Home Value | $357,386 |
| Average Home Value | $377,775 |
Housing Distribution
Address Breakdown
Residential
450
Single Family
450
Multi-Family
0
Businesses
48
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Listed by: Jeff Baldwin • Beasley Realty
Mls Name: PACMLS
Mls Provider:
Mls ID: #284944
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.