22704 E Park Beach RdNewman 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
Total monthly income runs $2,941/mo, and a $4,282/mo payment. Purchase price stands at $874,900, and rental yield measures 4.03% with $2,941/mo rent. Return on cash invested shows 10.4% in year one, and 5% annual appreciation builds toward $241,719 over five years. Five-year ROI reaches 51.58% and total cumulative return in cash records $148,455. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,941/mo property income covering a $4,282/mo payment rather than investor’s personal income.
Single Family
Built in 1924
0.30 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: Calista Wallick • Kelly Right Real Estate of Spokane
Mls Name: SMLS
Mls Provider:
Mls ID: #202519890
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