22515 E Vanetta AveNewman LakeWA99025
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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 Newman Lake at 22515 E Vanetta Ave, Newman Lake, WA, 99025 generates $2,327/mo in rent, after a $2,129/mo payment. Total monthly income is $2,327/mo. Return on cash invested sits at 17.51% in year one, and rental yield is 6.42% on a $434,999 entry. Equity gained on principal adds $2,807/yr, while 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 89.78% and total cumulative return in cash sums $129,468. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,327/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
4.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99025, Newman Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,807 (77.6%) |
| Renter Occupied HU | 124 ( 5.3%) |
| Vacant Housing Units | 399 (17.1%) |
| Median Home Value | $644,142 |
| Average Home Value | $741,000 |
Housing Distribution
Address Breakdown
Residential
1,722
Single Family
1,722
Multi-Family
0
Businesses
100
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Listed by: Spencer Millsap • REAL Broker LLC
Mls Name: SMLS
Mls Provider:
Mls ID: #202515188
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.