23106 E Melkapsi AveLiberty LakeWA99019
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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 Liberty Lake at 23106 E Melkapsi Ave, Liberty Lake, WA, 99019 generates $2,570/mo in rent and, after a $2,080/mo payment, leaves $15/mo in cash flow. Total monthly income is $2,570/mo, and annual cash flow is $185/yr on $140,888 invested. Return on cash invested sits at 20.04% in year one, and rental yield is 7.26% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 103.32% and total cumulative return in cash sums $145,565. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,570/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 99019, Liberty Lake, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,972 (100%) |
| Owner Occupied HU | 4,128 (69.1%) |
| Renter Occupied HU | 1,574 (26.4%) |
| Vacant Housing Units | 270 ( 4.5%) |
| Median Home Value | $641,088 |
| Average Home Value | $707,045 |
Housing Distribution
Address Breakdown
Residential
5,776
Single Family
5,138
Multi-Family
638
Businesses
522
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Listed by: Kevin Jones • Keller Williams Spokane - Main
Mls Name: SMLS
Mls ID: #202520598